The San Diego Padres have agreed to be sold to José E. Feliciano and Kwanza Jones for an MLB-record $3.9 billion, surpassing the previous record set by Steve Cohen's $2.4 billion acquisition of the New York Mets. The deal, which is pending approval from 75% of the league's owners, won a competitive bidding war against multiple major sports franchise owners. The purchase marks a significant transition period for the franchise following the passing of former owner Peter Seidler. The final transaction will include approximately $300 million USD of accrued franchise debt.