MLB owners have unanimously approved the reported $3.9 billion sale of the San Diego Padres to the ownership group led by billionaire investors José E. Feliciano and Kwanza Jones, the Padres announced on Monday.
That franchise sale, among the most expensive in North American sports history, dwarfs the $800 million deal in 2012 that transferred Padres ownership to a group spearheaded by Peter Seidler and Ron Fowler.
“We are a family first, and becoming owners of the San Diego Padres means joining an even larger one,” said Jones and Feliciano in a statement. “We are grateful to the Seidler family, and especially to Peter, for raising the expectations of what this franchise can achieve. We have built our life and our work together, and we will bring that same shared purpose, commitment and determination to our stewardship of the Padres. It is a source of immense pride and an extraordinary opportunity to become part of a team, a tradition, and the San Diego community that has supported it so faithfully.
“Our ambition is clear: to bring a World Series championship to San Diego and build an enduring organization capable of competing for championships year after year. We intend to be engaged owners, bringing our energy, experience, and perspective while working alongside the talented team already in place and investing ambitiously and thoughtfully in the Padres’ future. That means pursuing excellence and innovation throughout the organization, delivering a first-class experience at Petco Park, deepening the bond with the faithful fans, and making a positive impact across the San Diego community. We are all in and committed to winning.”
MLB owners have unanimously approved Kwanza Jones and José E. Feliciano as new owners of the San Diego Padres.
Details: https://t.co/oJhHGcCvKqpic.twitter.com/y46CqadM1P
This story is being updated.
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