The household of the late San Diego Padres proprietor Peter Seidler is exploring the potential for promoting the franchise.
The Padres introduced the Seidler household’s choice to look at a sale Thursday. The membership has employed BDT & MSD Companions, which served as an adviser on related discussions in recent times to the NBA’s Boston Celtics and MLB’s Chicago White Sox.
John Seidler, who turned the Padres chairman after his brother’s demise in November 2023, mentioned his household is “evaluating our future with the Padres, together with a possible sale of the franchise.”
“We are going to undertake this course of with integrity and professionalism in a method that honors Peter’s legacy and love for the Padres and lays the inspiration for the franchise’s long-term success,” John Seidler added in a press release. “Through the course of and as we put together for the 2026 season, the Padres will proceed to concentrate on their gamers, staff, followers and group whereas placing each useful resource into profitable a World Collection championship. We stay totally dedicated to this workforce, its followers, and the San Diego group.”
Peter Seidler was a part of a gaggle that bought the Padres for $800 million in 2012, and he turned the workforce’s major proprietor in November 2020 after shopping for out Ron Fowler’s majority stake. He shortly endeared himself to Padres followers along with his aggressive spending in an try to win San Diego’s first main skilled sports activities championship.
After the two-time most cancers survivor died two years in the past, his spouse, Sheel, sued her brothers-in-law Matthew and Robert in an try to stop John Seidler from changing into the workforce’s controlling particular person. Sheel Seidler alleged Peter Seidler wished her to succeed him, however Matthew Seidler mentioned Sheel Seidler’s claims had been “completely unfaithful, and we are going to vigorously defend ourselves towards them.”
Peter Seidler, a grandson of former Los Angeles Dodgers proprietor Walter O’Malley, constructed the inspiration for the longest sustained stretch of profitable in Padres historical past.
San Diego has made the postseason 4 instances within the final six years, profitable at the very least 90 video games in every of the final two seasons with an thrilling roster constructed round stars Fernando Tatis Jr. and Manny Machado. The Padres continued to win regardless of lowering their payroll in 2024 following Peter Seidler’s demise, with basic supervisor A.J. Preller sustaining the aggressive mindset inspired by Peter Seidler with a sequence of formidable strikes.
The Padres gained 90 video games this 12 months earlier than dropping a tense three-game wild-card sequence to the Chicago Cubs. Earlier this week, Preller launched former Padres reliever Craig Stammen because the membership’s new supervisor.
The Padres’ massive, loyal fan base and their residence on the well-regarded Petco Park can be vital property for a possible new proprietor. The membership has set a franchise document for residence attendance in every of the final three seasons whereas drawing greater than 3 million followers for the primary 3 times in workforce historical past, capped by 3,437,201 in 2025 — a document common of 42,435 per sport.
The San Diego metropolitan space is among the many prime 20 largest markets within the U.S., but the Padres had been the one main skilled sports activities workforce on the town between the departure of the NFL’s Chargers in 2017 and the arrival of Main League Soccer’s enlargement San Diego FC this season.
Not each consideration of a possible sale results in an precise sale in MLB.
Los Angeles Angels proprietor Arte Moreno explored a sale of his franchise for a number of months in late 2022 earlier than deciding to maintain the workforce. Final August, the Pohlad household took the Minnesota Twins off the market and as a substitute took on two restricted partnership teams.
Beacham is a author for the Related Press.
