Peter Seidler

San Diego Padres nearing record $3.9B sale

Photo courtesy San Diego Padres Facebook page

East County News Service

April 20, 2026 (San Diego) — The current owners of the San Diego Padres, the Seidler family, are reportedly in the final stages of an agreement to sell the team to a group led by private equity billionaire José E. Feliciano and his wife, musician and investor Kwanza Jones, for a reported $3.9 billion.

If finalized and approved by Major League Baseball as expected, the transaction will represent the highest sale price in MLB history, shattering the previous record of $2.4 billion set in 2020 by Steve Cohen when he bought the New York Mets.


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PADRES OWNER AND COMMUNITY PHILANTHROPIST PETER SEIDLER DIES

By Miriam Raftery

November 14, 2023 (San Diego) – San Diego Padres chairman and owner Pete Seidler, beloved by fans for investing in star players and bringing the team to the National League Championship playoffs last year, died today at age 63.

Asked by a reporter last year about the Padres’ 2023 payroll, Seidler replied with a smile, ”I kind of like spending money. You can’t take it with you." 

The San Diego Union-Tribune reports that the family’s plan is for the Padres to remain in Seidler’s family for generations.

Padres CEO Erik Greupner stated in a press release that the Padres are mourning the loss of their “beloved” chairman, whom he recalled as a “kind and generous man” devoted to his family as well as for having a “heartfelt compassion for others, especially those less fortunate.  His impact on the city of San Diego and the baseball world will be felt for generations. His generous spirit is now firmly embedded in the fabric of the Padres.”


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Support community news in the public interest! As nonprofit news, we rely on donations from the public to fund our reporting -- not special interests. Please donate to sustain East County Magazine's local reporting and/or wildfire alerts at https://www.eastcountymedia.org/donate to help us keep people safe and informed across our region.