The owners of the San Diego Padres are considering options to sell the team.
In a press release on Thursday morning, the Seidler family announced they have begun ‘a formal process to explore strategic options for the San Diego Padres, including a potential sale of the franchise.’
This comes two years after Peter Seidler, the family’s patriarch and team owner, passed away in 2023.
Since his death, his children have owned the team. His son, team chairman John Seidler, said, ‘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.’
John continued: ‘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.’
The family has hired BDT & MSD Partners to oversee the process.
Since Peter’s initial $800million purchase in 2012, the Padres have ballooned in value. According to CNBC, the team is valued at $2.1billion – good for 16th in Major League Baseball.
MORE TO FOLLOW.
San Diego Padres team chairman John Seidler says his family are exploring options to sell
The announcement comes two years after the death of their father, Peter Seidler
The Padres have ballooned in value: rising from an $800m purchase in 2012 to a $2b valuation
