Padres selling for record $3.9 billion after vicious ownership feud

After an ugly feud within ownership’s family that transpired after Peter Seidler’s death in 2023, the Padres are on the brink of being sold — and it’ll be a record deal.

José E. Feliciano, a private-equity billionaire, and his wife Kwanza Jones are “nearing a deal” to buy the San Diego team for around $3.9 billion, according to the Wall Street Journal.

The Padres are nearing a deal to be sold. IMAGN IMAGES via Reuters Connect

That’d serve as an MLB record, topping Steve Cohen’s purchase of the Mets for $2.4 billion in 2020.

John Seidler, the Padres’ chairman and control person, had announced in November that the ownership group was considering a potential sale.

“We will undertake this process with integrity and professionalism in a way that honors Peter’s legacy and love for the Padres and lays the foundation for the franchise’s long-term success,” Seidler said in a statement at the time. “During the process and as we prepare for the 2026 season, the Padres will continue to focus on putting every resource into winning a World Series championship. We remain fully committed to you, this team, and the San Diego community.”