Padres Set for Ownership Change as New Investment Group Reaches Agreement with Seidler Family
NEWS
The San Diego Padres announced Wednesday that the Seidler family has agreed to transfer controlling ownership of the franchise to a new investment group led by entrepreneurs and philanthropists Kwanza Jones and José E. Feliciano. The deal remains subject to Major League Baseball approval and standard closing requirements.
Padres Chairman John Seidler said the decision followed a competitive selection process and expressed confidence in the incoming ownership group’s commitment to both the organization and the San Diego community.
Seidler reflected on the franchise’s progress under the leadership of his late brother, Peter Seidler, and said the family believes the new group shares the same long-term vision of pursuing a World Series title while maintaining strong ties to the city and its fans.
In a joint statement, Jones and Feliciano described the Padres as an important part of San Diego’s identity and said they are honored to guide the franchise into its next chapter. The pair emphasized their commitment to community engagement, investing in the region and building on the foundation already established by the Seidler family.
They also said their goal is to strengthen the connection between the team and its supporters while helping keep the Padres successful and accessible for future generations.
The Padres stated that day-to-day operations will continue as normal during MLB’s approval process and that no immediate organizational changes are expected.
Jones and Feliciano are co-founders of the Kwanza Jones and José E. Feliciano Initiative, a private family office established in 2014. Jones serves as chief executive officer of the organization, while Feliciano is known as co-founder and managing partner of Clearlake Capital Group.
Stay in the loop: