Padres Owners Unveil $3.9 Billion World Series Plan, Pledging Aggressive Spending and Community Impact
Updated
Updated · NBC San Diego · Aug 25
Padres Owners Unveil $3.9 Billion World Series Plan, Pledging Aggressive Spending and Community Impact
3 articles · Updated · NBC San Diego · Aug 25
Summary
Jose E. Feliciano and Kwanza Jones used their first Petco Park news conference to set twin goals for the Padres: win a World Series and deepen the club’s role in San Diego.
The pair said the MLB-record $3.9 billion purchase gives them room to invest back into the team, stadium and city, while keeping the franchise’s long-term health in view.
On payroll, Feliciano and Jones stopped short of fixed promises but said they would be aggressive in player acquisition when conditions and team performance justify it.
The new owners formally took over Friday, then watched San Diego sweep Minnesota before crowds topping 40,000 each night—support they said must be matched by winning.
They also framed the ownership change as a continuation of late owner Peter Seidler’s legacy, arguing the Padres are a community pillar and the investment is about more than financial returns.