José E. Feliciano, Kwanza Jones near deal to buy Padres for MLB-record $3.9 billion: Sources

A group led by Chelsea Football Club co-owner José E. Feliciano and his wife Kwanza Jones is closing in on a deal to purchase the San Diego Padres for what will be a record-shattering $3.9 billion, multiple people with knowledge of the deal told The Athletic.The expected agreement, which will require approval by 75 percent of the league’s owners, easily surpasses the $2.42 billion Steve Cohen paid for the New York Mets in 2020. While the final net amount will be subject to the Padres’ roughly $300 million in debt and other terms, the expected price could reverberate throughout the sport as it approaches a pivotal labor fight.Advertisement