MLB approves sale of San Diego Padres to José E. Feliciano and Kwanza Jones
Major League Baseball’s team owners unanimously approved the sale of the San Diego Padres to an investor group led by billionaire José E. Feliciano and his wife Kwanza Jones. The deal, valued at $3.9 billion, surpassed MLB’s record at the time. Feliciano, a co-founder of Clearlake Capital, and Jones, his business partner, agreed to buy the team from the Seidler family in May.
The Padres, currently led by CEO Erik Greupner and general manager A.J. Preller, have made significant strides under former owner Peter Seidler, who died in 2023. They have won four playoff appearances in the past six years and set an NL wild-card record with a 17-24 record in September 2023. MLB Commissioner Rob Manfred praised the new ownership, noting their commitment to the community and the franchise's potential for future championships.
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