José E. Feliciano, Kwanza Jones approved as Padres’ new owners
San Diego Union-Tribune • • sports
Key Points:
- Major League Baseball unanimously approved a new Padres ownership group led by José E. Feliciano and Kwanza Jones, who will be introduced as principal owners on August 24 at Petco Park.
- The ownership transition marks the end of the Seidler family era, which began in 2012, with the new group purchasing a controlling interest in a deal valuing the franchise at a record $3.9 billion.
- Feliciano and Jones plan to be engaged owners focused on winning a World Series, enhancing fan experience, and making a positive impact on the San Diego community, with Feliciano designated as the control person.
- MLB commissioner Rob Manfred praised the Seidler family for their stewardship and expressed confidence in the new owners' commitment to building on the Padres' strong foundation in San Diego.
- José Feliciano, a founding partner of Clearlake Capital, has an estimated net worth of $3.9 billion, and together with Jones, they intend to bring their shared purpose and determination to the Padres organization.
