Padres announce agreement to sell team to investor group led by Kwanza Jones and José E. Feliciano

The San Diego Padres have reached an agreement to sell control of the team to an investor group led by Kwanza Jones and José E. Feliciano.

The family of late owner Peter Seidler formally announced the deal Saturday. The sale must still be approved by Major League Baseball.

The deal with private equity billionaire Feliciano and his wife took shape last month at an MLB-record valuation of $3.9 billion. The Padres' announcement of the deal didn't give specifics on the members of the investor group or the purchase price.

“The Padres are more than a baseball team; they are a unifying force in San Diego, rooted in community, connection and belonging,” Jones and Feliciano said in a joint statement. “As life and business partners, and as a family, we are honored to lead this next chapter together. We have worked hard for everything we have achieved, and we have built it together. We see that same spirit in this team and its fans, and we know what it takes to win. We are committed to showing up, listening and earning the trust of this community while building on the strong foundation established by the Seidler family.

“This is about more than baseball — it’s about boosting the pride, energy, and connection that define the Padres, investing in community, deepening belonging and ensuring this team remains accessible and endures for generations. We are all in — with the goal of bringing a World Series championship to San Diego.”

Seidler’s family began to explore a sale of the Padres last November, two years after the death of the popular Peter Seidler, who became the Padres' primary owner in 2020. His brother, John Seidler, has served as the Padres’ chairman since his death.

“When I became control person, my goal was to continue building on our recent success in pursuit of a World Series championship for the city of San Diego and our faithful fans,” John Seidler said in a statement. "As I pass the baton to Kwanza and José, I do so with full confidence that they share that vision as well as the Padres' deep commitment to San Diego. It’s what the team, our fans and the community deserve. Our family loves this team.”

Peter Seidler joined the Padres' ownership group in 2012 when John Moores sold the team for $800 million to a group headed by Ron Fowler. Seidler took over and immediately endeared himself to San Diego's fans with his aggressive financial backing of general manager A.J. Preller, who built a team that has reached the playoffs in four of the past six years.

The Padres have been a hot ticket for several years as San Diego's only team in the four biggest North American sports leagues, ranking second in the majors in attendance last season. Preller's roster is off to another strong start this season, sitting second in the NL West at 19-12 heading into a home game against the Chicago White Sox on Saturday night.

Jones and Feliciano already got a start on their new endeavor last month when they traveled to Mexico City to watch the Padres' international series against the Arizona Diamondbacks. The couple was spotted sitting with Padres CEO Erik Greupner.

Feliciano will become the second Latino owner in baseball, joining Los Angeles Angels owner Arte Moreno. Latino and Hispanic players comprise roughly 30% of major league rosters.

AP MLB: https://apnews.com/MLB

Ripple of Hope award recipient Jose E. Feliciano poses at the Robert F. Kennedy Human Rights Ripple of Hope Award Gala at New York Hilton Midtown on Thursday, Dec. 9, 2021, in New York. (Photo by Evan Agostini/Invision/AP, File)

San Diego Padres first baseman Ty France, left, and catcher Freddy Fermin, right, douse Gavin Sheets as he does a television interview after leading the Padres to a victory over the Colorado Rockies in a baseball game Thursday, April 23, 2026, in Denver. (AP Photo/David Zalubowski)

San Diego Padres' coach Craig Stammen, left, enters the field prior to a baseball game against Arizona Diamondbacks in Mexico City, Saturday, April 25, 2026. (AP Photo/Fernando Llano)

San Diego Padres' Xander Bogaerts, center, and teammate stand line prior to a baseball game against Arizona Diamondbacks in Mexico City, Saturday, April 25, 2026. (AP Photo/Fernando Llano)

MEXICO CITY (AP) — Two members of Mexican President Claudia Sheinbaum’s party in the northwestern Sinaloa state said they would temporarily step down from their posts after the United States charged them and eight other politicians and security officers with drug trafficking in a bombshell indictment that has shaken Mexico's political establishment.

In a short video announcement at midnight Friday, Gov. Rubén Rocha Moya, the highest-ranking official named in the indictment, denied accusations that he protected the Sinaloa cartel and helped it smuggle drugs into the U.S. in exchange for millions of dollars in bribes.

“My conscience is clear,” said Rocha, 76, a longtime ally of influential former President Andrés Manuel López Obrador. “To my people and to my family, I can look you in the eye because I have never betrayed you, and I never will.”

But he said he would take a temporary leave of absence from the position he has held for six years to defend himself against what he called the “false and malicious” allegations and cooperate with the Mexican government's investigation.

Juan de Dios Gámez Mendívil, the mayor of the Sinaloa state capital Culiacán named in the indictment, also said he would take leave and denied the charges. Another defendant and member of the ruling Morena party, Sen. Enrique Inzunza, said he would continue serving in the Senate while defending himself from the accusations.

In a special vote Saturday, the state's local congress appointed as interim governor Yeraldine Bonilla Valverde, an ally of Rocha who previously served as the state's secretary of government.

Rocha and Gámez Mendívil had enjoyed immunity from criminal prosecution as sitting governor and mayor. But in leaving their posts even temporarily, the officials lost their blanket protection from prosecution, Arturo Zaldívar, a former Mexican Supreme Court justice who now advises Sheinbaum, posted on X.

“They can be detained like any person,” he wrote.

Sheinbaum has struggled to strike a balance between the interests of her progressive Morena party and pressure from U.S. President Donald Trump to step up the fight against cartels.

In a nod to her party’s anti-corruption platform, Sheinbaum said she wouldn’t defend anyone found to have committed a crime.

But she vigorously defended Mexico's sovereignty, vowing that if federal authorities uncovered “irrefutable” evidence linking the 10 indicted officials to cartel crime, the accused would be tried in Mexico, not the U.S. — a move that risks backlash from an American administration that has threatened military action against cartels on Mexican soil.

“We will never subordinate ourselves because this is a matter of the dignity of the Mexican people,” she said Friday.

Pending investigation, the Mexican attorney general’s office said it would not arrest Rocha or the other accused officials, as requested by the U.S.

Rocha, a point person for the hands-off “hugs not bullets" approach to dealing with organized crime that López Obrador pioneered and Sheinbaum has since ditched, insisted in the video that the indictment represents a political attack on Morena.

“I will not allow myself to be used to harm the movement to which I belong — one that has improved the lives of millions of Mexican men and women,” he said.

Born in the same town as the notorious Mexican drug kingpin “El Chapo,” Rocha has found himself embroiled in similar scandals before. In 2024, he was named in a published letter written by a then-Sinaloa cartel capo who was kidnapped by leaders of a rival faction and handed off to U.S. law enforcement. In the letter, the capo said that he was on his way to meet Rocha when he was abducted.

DeBre reported from Buenos Aires, Argentina.

Mexican President Claudia Sheinbaum arrives at the National Palace to give her daily morning press conference in Mexico City, Thursday, April 30, 2026. (AP Photo/Fernando Llano)

FILE - Sinaloa state Gov. Ruben Rocha waves as he takes part in an annual earthquake drill in Culiacan, Mexico, Sept. 19, 2024. (AP Photo/Eduardo Verdugo, File)