Padres to cede control to Jones-Feliciano ownership group
TL;DR
The San Diego Padres announced a definitive agreement for the Seidler family to transfer control to a Jones–Feliciano group, which is expected to own about 60% of the franchise in a $3.9 billion deal; MLB approval (75% of owners) is required at upcoming meetings. Minority investors may include the Jacobs family and the Sycuan Band, with other potential partners discussed. The transition will be managed by current leaders while Feliciano and Jones pledge to lead San Diego toward a World Series title and to maintain daily operations during the approval process.
Topics:sportsbusiness#business#jones-feliciano#mlb-approval#ownership-transfer#san-diego-padres#seidler-family
- Padres announce agreement for ownership transfer to Jones-Feliciano group The New York Times
- Padres reach deal to sell to group led by Kwanza Jones, José E. Feliciano ESPN
- Padres announce agreement to sell team to Kwanza Jones, José E. Feliciano MLB.com
- Padres make agreement for transfer of control official San Diego Union-Tribune
- San Diego Padres reach sale agreement with Jose E. Feliciano and Kwanza Jones NBC 7 San Diego
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