Padres new owners emphasize financial discipline after acquisition

José E. Feliciano and Kwanza Jones were introduced as the new owners of the San Diego Padres following their $3.9 billion purchase. While they aim for the team’s first World Series title, they indicated a shift towards financial restraint, stating, "We are going to live within our means." The Padres, currently in the playoff race, rank seventh in the league with a luxury tax payroll of $263.8 million. This strategic change comes amid the team's history of aggressive spending under late owner Peter Seidler, who oversaw significant investments in star players.

• 2:57 PMYahoo Sports — Padres Will ‘Live Within Our Means,’ New Owners Say