Padres new owners Feliciano, Jones take historic control

Jose E. Feliciano and Kwanza Jones were introduced as the Padres’ new majority owners after a record $3.9 billion valuation, with the deal approved unanimously by MLB owners and officially closing recently. They outlined a long-term, patient approach to ownership, emphasizing stability, community impact, and a multi-decade vision for the franchise. Feliciano will initially serve as the control person and governance voice, while Jones highlighted their joint commitment with an unmistakable emphasis on winning and accountability. The pair portrayed ownership as a continuation of the Seidler era, honoring the franchise’s legacy while aggressively yet intelligently investing to return the Padres to World Series contention. Their first public appearances included a high-energy press conference at Petco Park, where Jones even performed a Padres-themed song and both stressed the importance of community engagement in San Diego and the border region. Overall, the new owners pledged to back a championship-caliber model that blends ambitious spending with thoughtful stewardship to build the team and the region’s fanbase for years to come.