Padres' New Owners Could Be Approved Monday

[Steve Drumwright]

The San Diego Padres are likely to be under new ownership next week.

MLB is scheduled to vote Monday on the record $3.9 billion purchase of the Padres by Jose E. Feliciano and Kwanza Jones, Dennis Lin of The Athletic reported Tuesday. Feliciano and Jones are buying the team from the Seidler family, a process that began in November and was brought about with the death in November 2024 of Peter Seidler.

The sale will require the approval of 22 of the 29 other MLB teams. Monday's vote will be by conference call. The $3.9 billion sale price eclipses the previous MLB record of $2.42 billion by Steve Cohen when he bought the New York Mets in 2020.

While Feliciano and Jones will run the team together, making Jones one of the more high-profile women in MLB, only one individual can be the control person and that will be Feliciano. They will have between a 40% and 45% share, with a number of minority owners, typical for most every team, with the remainder including members of the Seidler family and some of those who previously held shares.

While the sale was reported in April, Feliciano and Jones still had to formalize the minority owners, complete paperwork and pass a screening committee, which happened last week.

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