MLB Owners Approve Sale of Padres to José E. Feliciano and Kwanza Jones

Major League Baseball announced the unanimous approval by league owners for the sale of the San Diego Padres to a new ownership group led by José E. Feliciano and Kwanza Jones. Feliciano will serve as the control person for the club.

The approval is contingent upon finalizing the transaction with the current owners, expected to occur in the coming weeks. The Padres confirmed that Erik Greupner will continue as CEO and A.J. Preller will remain as president of baseball operations.

This transition marks a significant change for the organization, which has been under the Seidler family's leadership for many years. Following the passing of Peter Seidler in November 2023, the club's payroll and spending strategies have been in flux. The sale agreement, valued at $3.9 billion, is a record for MLB franchises, surpassing the previous high of $2.4 billion for the New York Mets.