By Alfredo Di Cesare
The MLB is preparing for one of the largest transactions in its history. The Puerto Rican businessman José E. Feliciano leads an offer of $3.9 billion dollars to acquire the San Diego Padresin an agreement already announced by the franchise and initially reported by ‘The Wall Street Journal’.
The team confirmed that it reached a preliminary agreement with an investment group led by Feliciano and for the entrepreneur and philanthropist Kwanza Jones.
The proper owner, John Seidlerassured in a statement that the process was highly competitive and expressed his enthusiasm for the progress of the operation.
The Padres announced the departure of the crew to José E. Feliciano and his partner, Kwanza Jones, contingent upon the approval of MLB owners.
Statements … pic.twitter.com/gXrUQLP0ga
— Alden González (@Alden_Gonzalez) Can also merely 2, 2026
The proposed figure far exceeds the league’s previous record, set in 2020 when the Unique York Mets were sold by $2.4 billion dollars.
Although the agreement is subject to the usual procedures, the sale must receive formal approval from the MLB at its meeting scheduled for June.
FelicianoAmerican businessman of Puerto Rican origin and co-owner of the Chelsealeads the purchasing group together with Joneswho has an outstanding career in the artistic, business and philanthropic fields in USA.
The move comes at a time of sporting stability for the franchise. The Parents They have qualified for the postseason in four of the last six seasons.
In attendance, the impact has also been main: Petco Park registered constant full houses and was ranked as the second stadium with the highest attendance in the MLB during the last two years.
The sale process began in November, three years after the death of Peter Seidlerwho had headed the ownership group. The family acquired the franchise in 2012 for $800 million of dollars, a figure that is now practically multiplied by five.