Seidler Family Considers Selling San Diego Padres Franchise
The future of the San Diego Padres franchise is currently under review by the Seidler family. They have announced plans to explore strategic options that may lead to the sale of part or all of the team. This decision follows the death of Peter Seidler, who passed away on November 14, 2023.
Seidler Family’s Announcement
In a recent statement, Padres chairman John Seidler confirmed the family’s intention to evaluate their future with the team. “We will undertake this process with integrity and professionalism,” he stated, emphasizing the goal of honoring Peter’s legacy.
Commitment to the Franchise
Despite exploring a potential sale, the family reassured fans and employees of their commitment to the franchise. Discussions will continue regarding preparations for the 2026 season, with a focus on winning a World Series championship.
- Team’s preparation for the 2026 season ongoing.
- Focus on players, employees, and community remains strong.
Financial Advisory and Ownership Structure
The Seidler family has engaged BTD & MSD Partners to assist in the evaluation process. This step could lead to changes in ownership, ending an era characterized by significant achievements and increased popularity for the Padres.
Current Ownership Details
Since acquiring the Padres in 2012, the current ownership group has revolutionized the team’s approach. The group includes at least ten entities, with the largest stake belonging to the Peter Seidler Trust, covering approximately 24%. The Seidler family collectively controls about 20% of the franchise.
| Stakeholder | Percentage |
|---|---|
| Peter Seidler Trust | 24% |
| Seidler Family | 20% |
| Other Stakeholders | Varies (8-10 entities) |
Financial Implications of a Sale
The preliminary valuation of the franchise is estimated at $1.8 billion. This figure includes $300 million in debt and over $150 million owed to owners from previous cash infusions. Notably, recent sales within the league set similar benchmarks, with the Tampa Bay Rays sold for $1.7 billion and the Baltimore Orioles for $1.73 billion.
Plans for Leadership Stability
Despite the shifting ownership landscape, plans for team operations will remain stable. President of baseball operations A.J. Preller is in discussions for an extension of his contract, which currently runs through 2026. Additionally, Padres CEO Erik Greupner’s contract was extended through at least 2029.
Challenges and Opportunities Ahead
The request for a potential sale follows legal challenges, including a lawsuit filed by Sheel Seidler alleging control issues over the team. However, leadership plans to mitigate any disruption while maintaining a competitive position in Major League Baseball.
Community Impact and Future Prospects
The Padres have enjoyed strong attendance numbers, ranking high in major league attendance in 2025 and setting franchise records in recent seasons. The organization’s lease at Petco Park runs until 2033, ensuring a stable home for the team in San Diego.
As the Seidler family navigates this significant transition, they express a commitment to a future that respects the team’s legacy while aiming for long-term success. The potential sale will undoubtedly shape the next chapter for the San Diego Padres, keeping in mind the values instilled by Peter Seidler.
