The namesake of the Padres home ballpark will be sold to foreign investors for $4.6B, according to multiple news outlets. At this time the company does not have plans to change any of the branding associated with the company as a whole or the Padres stadium.
When Petco announced its naming rights deal with the City of San Diego for the downtown stadium, many saw it as a vast overpayment. They paid $60M over 22 years after all to have their name emblazoned on the side of the brand new stadium for a team that hadn’t been the playoffs since 1998.