Overview
- Multiple outlets report an agreement for José E. Feliciano and Kwanza Jones to buy the Padres for about $3.9 billion, a deal that tops the Mets’ 2020 mark and still requires MLB owners’ approval.
- The sale follows a process accelerated after lead owner Peter Seidler’s 2023 death and related family litigation in probate court over control of the team.
- Sale materials reviewed by Sportico showed the Padres generated about $530 million in 2025 gross revenue and roughly $20 million in EBITDA, with Petco Park drawing 3.4 million fans for the league’s No. 2 attendance last season.
- Industry observers say the record price lifts other teams’ values, with Yahoo Sports noting it likely pushes the Dodgers’ valuation higher than prior $9 billion estimates.
- Reactions inside the sport point to on-field ripple effects, as an anonymous executive told USA Today the price undercuts MLB’s case for a salary cap and Manny Machado said he hopes the buyers follow Peter Seidler’s invest-to-win approach.