Owners thrilled with 'family investment' of San Diego Padres

Key Points:

• Jose E. Feliciano and Kwanza Jones, co-owners of the San Diego Padres, describe their purchase of the franchise as a "family investment" and pledge to spend ambitiously but judiciously to build a winning team.
• The couple acquired the Padres for a record $3.9 billion valuation, with Feliciano as the control person and Jones playing an equal role in franchise decisions, emphasizing their commitment to the team's long-term health and success.
• Despite a current payroll of about $220 million, the ninth-highest in MLB, the new owners have not specified future spending but clearly stated their goal to win the World Series.
• Feliciano's background includes co-founding Clearlake Capital and co-owning Chelsea FC, while Jones is a former Division I athlete and entrepreneur; together, they emphasize community commitment over pure financial gain.
• The Padres are performing well this season and aiming for their first World Series appearance since 1998, with CEO Erik Greupner expressing strong confidence in the new ownership's fit to lead the franchise forward.