After a long sale process, the San Diego Padres were finally sold to a group led by José E. Feliciano and his wife, Kwanza Jones. The final amount came in at a record price of $3.9 billion.

The San Diego Padres are poised to change ownership, a development with league-wide financial significance. The Seidler family agreed to transfer control to an ownership group led by investor and philanthropist Kwanza Jones and private equity executive José E.

A potential landmark deal is taking shape in Major League Baseball, and it could change how franchises are valued for years to come. The San Diego Padres are reportedly nearing a sale that could approach $3.

So the San Diego Padres have new owners, pending, of course, approval by Major League Baseball and customary closing conditions.  If Kwanza Jones and José E.

The San Diego Padres have been sold to José E. Feliciano, Clearlake Capital co-founder and part of the Chelsea FC ownership group, and his wife Kwanza Jones, it was announced Saturday. The sale price is an MLB-record $3.9 billion, the Wall Street Journal previously reported.

A former front-office colleague of AJ Preller explained why the Padres' $3.9 billion sale might not be entirely well-received in MLB corporate headquarters.