Padres chairman John Seidler announced last November that the family is exploring “strategic options for the San Diego Padres.”

SAN DIEGO — Several media outlets have been reporting over the last couple days that the sale of the San Diego Padres is imminent. Sources have confirmed to CBS 8 that the Padres are nearing a deal, which has been reported in the Wall Street Journal. 

According to the report from the Wall Street Journal, José E. Feliciano and his wife, Kwanza Jones, are nearing a deal to buy the team for $3.9 billion.

The announcement comes more than a month after the team reported that it had received “five strong bids” from potential buyers, while at the time, a representative from the Padres declined to release the bidders’ names. 

Last November, the Seidler family announced that it was exploring “strategic options for the San Diego Padres, including a potential sale” of the Major League Baseball franchise. The announcement arrived two years after owner Peter Seidler passed away from non-Hodgkin’s lymphoma.

“The family has decided to begin a process of evaluating our future with the Padres, including a potential sale of the franchise,” said John Seidler, Padres chairman, last November. “We will undertake this process with integrity and professionalism in a way that honors Peter’s legacy and love for the Padres and lays the foundation for the franchise’s long-term success”.

As the team moves forward with a sale, the Seidler Family told CBS 8 in November that they, along with the entire organization, are dedicated to its mission of fielding a World Series-winning team. 

“During the process and as we prepare for the 2026 season, the Padres will continue to focus on its players, employees, fans, and community while putting every resource into winning a World Series championship,” Seidler stated. “We remain fully committed to this team, its fans, and the San Diego community.”