Major League Baseball Owners Approve Sale of San Diego Padres for $3.9 Billion
Major League Baseball owners have unanimously approved the sale of the San Diego Padres to a new ownership group led by José E. Feliciano and Kwanza Jones for $3.9 billion. This approval clears the final major hurdle for the transaction…
New York, NY, August 17, 2026 —
Major League Baseball owners have granted unanimous approval for the sale of the San Diego Padres to a new ownership group. The transaction, valued at $3.9 billion, is led by principals José E. Feliciano and Kwanza Jones.
This official approval from the league’s owners represents the final significant step required for the sale to be finalized. The deal brings a new era of ownership to the Southern California-based baseball franchise.
Details regarding the full composition of the new ownership group or the specific timeline for the transition of control were not immediately provided.
Story summarized from the original created by Ryan Anderson on nypost.com, see more information here.