MLB approves sale of San Diego Padres to José E. Feliciano and Kwanza Jones‎

Major League Baseball's team owners unanimously have approved the sale of the San Diego Padres to an investor group led by private equity billionaire José E. Feliciano and his wife and business partner, Kwanza Jones. Feliciano and Jones reached an agreement in May to buy the Padres from the family of late owner Peter Seidler at an MLB-record valuation of $3.9 billion. “José and Kwanza understand the unique place the Padres hold in San Diego and the powerful bond between the club and its fans,” MLB Commissioner Rob Manfred said in a statement.