MLB Approves Padres Sale to Feliciano, Jones

The new owners, who submitted the winning bid of $3.9 billion—a record for an MLB franchise—expressed their ambition to bring a World Series championship to San Diego. They will take over from the Seidler family, who purchased the team in 2012 for $800 million before exploring a potential sale following the death of control person Peter Seidler in November 2023.

MLB Commissioner Rob Manfred praised the new owners, stating they "understand the unique place the Padres hold in San Diego and the powerful bond between the club and its fans." Feliciano and Jones emphasized their commitment to building an enduring organization capable of competing for championships year after year, noting they intend to be engaged owners who will work alongside the current team while investing ambitiously in the franchise's future. tr-sport.click