The family of the late San Diego Padres owner Peter Seidler is exploring the possibility of selling the franchise.<\/p>\n
The Padres announced the Seidler family\u2019s decision to examine a sale Thursday. The club has hired BDT & MSD Partners, which served as an adviser on similar discussions in recent years to the NBA\u2019s Boston Celtics and MLB\u2019s Chicago White Sox.<\/p>\n
John Seidler, who became the Padres chairman after his brother\u2019s death in November 2023, said his family is \u201cevaluating our future with the Padres, including a potential sale of the franchise.\u201d<\/p>\n
\u201cWe will undertake this process with integrity and professionalism in a way that honors Peter\u2019s legacy and love for the Padres and lays the foundation for the franchise\u2019s long-term success,\u201d John Seidler added in a statement. \u201cDuring the process and as we prepare for the 2026 season, the Padres will continue to focus on their players, employees, fans and community while putting every resource into winning a World Series championship. We remain fully committed to this team, its fans, and the San Diego community.\u201d<\/p>\n
Peter Seidler was part of a group that purchased the Padres for $800 million in 2012, and he became the team\u2019s primary owner in November 2020 after buying out Ron Fowler\u2019s majority stake. He quickly endeared himself to Padres fans with his aggressive spending in an attempt to win San Diego\u2019s first major professional sports championship.<\/p>\n
After the two-time cancer survivor died two years ago, his wife, Sheel, sued her brothers-in-law Matthew and Robert in an attempt to prevent John Seidler from becoming the team\u2019s controlling person. Sheel Seidler alleged Peter Seidler wanted her to succeed him, but Matthew Seidler said Sheel Seidler\u2019s claims were \u201centirely untrue, and we will vigorously defend ourselves against them.\u201d<\/p>\n
<\/p>\n
Late Padres owner Peter Seidler spent liberally to improve the team, including an 11-year contract extension for Manny Machado in 2023.<\/p>\n
(Charlie Riedel \/ Associated Press)<\/p>\n
Peter Seidler, a grandson of former Dodgers owner Walter O\u2019Malley, built the foundation for the longest sustained stretch of winning in Padres history.<\/p>\n
San Diego has made the postseason four times in the last six years, winning at least 90 games in each of the last two seasons with an exciting roster built around stars Fernando Tatis Jr. and Manny Machado. The Padres continued to win despite reducing their payroll last year following Seidler\u2019s death, with general manager A.J. Preller maintaining the aggressive mindset encouraged by Seidler with a series of ambitious moves.<\/p>\n
The Padres won 90 games this year before losing a tense, three-game wild-card series to the Chicago Cubs. This week Preller introduced former Padres reliever Craig Stammen as the new manager.<\/p>\n
The Padres\u2019 large, loyal fan base and their home at the well-regarded Petco Park would be significant assets for a potential new owner. The club has set a franchise record for home attendance in each of the last three seasons while drawing more than 3 million fans for the first three times, capped by 3,437,201 this year \u2014 a record average of 42,435 per game.<\/p>\n
The San Diego metropolitan area is among the 20 largest markets in the U.S., yet the Padres were the only major pro team in town between the departure of the NFL\u2019s Chargers in 2017 and the arrival of Major League Soccer\u2019s expansion San Diego FC this season.<\/p>\n
Not every consideration of a sale leads to a sale in MLB.<\/p>\n
Angels owner Arte Moreno explored a sale of his franchise for months in late 2022 before deciding to keep the team. Last August the Pohlad family took the Minnesota Twins off the market and instead took on two limited partnership groups.<\/p>\n
Beacham is a writer for the Associated Press.<\/p>\n","protected":false},"excerpt":{"rendered":"The family of the late San Diego Padres owner Peter Seidler is exploring the possibility of selling the…\n","protected":false},"author":2,"featured_media":54608,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[1883,11154,12399,423,34175,11053,2674,34173,9150,5589,74,76,75,2611,278,32997,34174,427],"class_list":["post-54607","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-diego","tag-club","tag-fan","tag-franchise","tag-game","tag-john-seidler","tag-november","tag-padres","tag-peter","tag-recent-year","tag-sale","tag-san-diego","tag-san-diego-headlines","tag-san-diego-news","tag-san-diego-padres","tag-season","tag-seidler-family","tag-sheel","tag-team"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/54607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=54607"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/54607\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/54608"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=54607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=54607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=54607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}