League: MLB Sport: Baseball Country: United States Category: General

MLB owners approve $3.9B sale of Padres to Feliciano and Jones

Yahoo Sports • 1 min read • Latest: Aug 17, 2026, 7:14 PM

Last updated Aug 17, 2026

MLB owners approve $3.9B sale of Padres to Feliciano and Jones

Summary

Major League Baseball team owners have unanimously approved the $3.9 billion sale of the San Diego Padres to a group led by José E. Feliciano and Kwanza Jones. This transaction, agreed upon in May, converts a fiercely competitive process into ownership with a clear goal of building upon the team's existing successful foundation. Feliciano and Jones plan to bring an engaged approach, aiming to capture a World Series title for San Diego. The deal remains contingent on the official closing yet to occur in the upcoming weeks. Feliciano's ownership will mark a significant moment in the team's history, as he becomes the second Latino principal owner in baseball.

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Key Details

•MLB owners approved the sale on August 17, 2026.
•Feliciano and Jones aim to enhance community ties and competitiveness.
•The deal is contingent on official transaction closure in weeks.
•Padres have made four playoff appearances in recent years.
•The franchise has yet to win a World Series.

Latest Updates

11:19 AMYahoo Sports — San Diego Padres’ record $3.9 billion sale unanimously approved by MLB owners
6:47 PMYahoo Sports — MLB approves sale of San Diego Padres to José E. Feliciano and Kwanza Jones
6:37 PMESPN — MLB unanimously approves sale of San Diego Padres - ESPN

What they're saying

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MLB team owners unanimously approved the sale of the Padres to an investor group led by private equity billionaire José E. Feliciano and his wife and business partner, Kwanza Jones.
— ESPN