1 month ago
NEWYou tin now perceive to Fox News articles!
The San Diego Padres are expected to travel nether caller ownership soon.
On Saturday, nan MLB franchise reached an statement to waste a controlling liking successful nan squad to an investor group led by Puerto Rican businessman José E. Feliciano and his wife, Kwanza Jones.
The family of precocious proprietor Peter Seidler, which makes up nan Padres’ existent ownership group, confirmed nan deal. The determination to offload nan squad comes 3 years aft Seidler’s death. John Seidler has served arsenic nan Padres’ president since his relative died.
The woody will not go charismatic until it receives convention approval. Last month, it was revealed that nan Padres person a valuation of $3.9 billion. Although a waste value was not specified successful nan announcement, fixed nan valuation, nan transaction is expected to group a grounds for nan highest value paid for an MLB franchise, surpassing Steve Cohen’s 2020 acquisition of nan New York Mets for $2.42 billion.
CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM
San Diego Padres' Manny Machado, left, acknowledges nan crowd aft hitting a single, his 2000th profession hit, during nan 4th inning of a shot crippled against nan Arizona Diamondbacks, Monday, July 7, 2025, successful San Diego. (AP Photo/Orlando Ramirez)
Other members of nan investor group were not named. In a associated statement, Jones and Feliciano "a unifying force" successful San Diego and committed to building connected nan franchise's foundation.
HERE'S WHAT THE SAN DIEGO PADRES RECORD $3.9 BILLION SALE MEANS FOR MAJOR LEAGUE BASEBALL
"The Padres are much than a shot team; they are a unifying unit successful San Diego, rooted successful community, relationship and belonging. As life and business partners, and arsenic a family, we are honored to lead this adjacent section together. We person worked difficult for everything we person achieved, and we person built it together. We spot that aforesaid tone successful this squad and its fans, and we cognize what it takes to win. We are committed to showing up, listening and earning nan spot of this organization while building connected nan beardown instauration established by nan Seidler family."
The group added that its committedness encompasses some on-field occurrence and meaningful organization impact.
A wide position of Petco Park during nan crippled betwixt nan Detroit Tigers and nan San Diego Padres connected March 26, 2026, successful San Diego, California. (Rob Leiter/MLB Photos via Getty Images)
"This is astir much than shot — it’s astir boosting nan pride, energy, and relationship that specify nan Padres, investing successful community, deepening belonging and ensuring this squad remains accessible and endures for generations. We are each successful — pinch nan extremity of bringing a World Series title to San Diego."
Peter Seidler joined nan Padres’ ownership group successful 2012 erstwhile John Moores sold nan squad for $800 cardinal to a group headed by Ron Fowler. Seidler took complete and instantly endeared himself to San Diego’s fans pinch his fierce financial backing of wide head A.J. Preller.
The Padres person been a basking summons for respective years arsenic San Diego’s only squad successful nan 4 biggest North American sports leagues, ranking 2nd successful nan MLB successful attendance past season.
San Diego Padres players guidelines for nan nationalist anthem earlier Opening Day against nan Detroit Tigers astatine Petco Park successful San Diego, California, connected March 26, 2026. (Meg McLaughlin/The San Diego Union-Tribune)
CLICK HERE TO DOWNLOAD THE FOX NEWS APP
The Padres are disconnected to a beardown start, sitting 2nd successful nan NL West astatine 19-13 entering Sunday afternoon’s finale of a three-game bid against nan Chicago White Sox. The squad has made nan playoffs successful 4 of nan past six seasons.
Feliciano is connected way to go nan 2nd Latino proprietor successful baseball, joining Los Angeles Angels proprietor Arte Moreno.
The Associated Press contributed to this report.
Chantz Martin is simply a sports writer for Fox News Digital.
