Padres Sold for Record $3.9B, New Latino Owners

0:00On May 2nd, the San Diego Padres just inked a deal to hand over control to an investor crew headed by Quanza Jones and private equity boss Jose. Feliciano. The late owner Peter Sedler's family dropped the new Saturday, but Major League Baseball still got a greenlighted. Word is the price tag hits a league record at $3.9 billion. This move kicked off last month after the Sedler fam started shopping the team last November, two years post-Peter's passing. His brother John been holding it down as chairman, building on the squad's playoff runs in four of the last six seasons. John Sedler says he's passing the torch with total trust, knowing the new crew shares the hunger for a World Series ring and deep roots in San Diego. Jones and Feliciano hit back, calling the Padres a community glue and vowing to earn fans love while chasing wins. The team's been packing houses 2nd and Major League attendance last year and they're rolling strong now, 2nd in the National League West at 19 wins and 12 losses heading into

1:03a home clash with the Chicago White Sox. Feliciano steps up as just the 2nd Latino principal owner in baseball, linking arms with the Angels Arte Moreno while Latino players make up, about 30% of big league rosters. Keep an eye on this hand over as the Padres gear up for glory. That's your update from MLB News Today, powered by AI.