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San Diego Padres Could Be up for Sale as Seidler Family Considers Options
The Seidler family is considering selling part or all of the Padres to ensure long-term success with a potential team valuation near $1.8 billion, sources said.
- On Thursday, the Seidler family announced it will examine strategic options that could include selling part or all of the San Diego Padres, while chairman John Seidler said they will evaluate their future with the club and prepare for the 2026 season.
- After Peter Seidler's Nov. 14, 2023 death, the possibility of a sale lingered amid Sheel Seidler's lawsuit challenging control; the Seidler family controls about 20% and values the San Diego market.
- With recent on-field success, the Padres won 93 games in 2024 and set attendance records three straight seasons, while A.J. Preller and CEO Erik Greupner remain under contract through 2026 and at least 2029.
- If a sale occurs, it could end the Seidler family's stewardship, with a source estimating a preliminary team value near $1.8 billion, factoring in debt and paybacks, while Petco Park's lease through 2033 attracts potential buyers.
- The family has hired BDT & MSD Partners, guided by recent NBA and MLB sales like the Orioles at $1.8 billion and Rays at $1.7 billion, to explore options.
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By GREG BEACHAM The family of the late San Diego Padres owner Peter Seidler is exploring the possibility of selling the franchise. The Padres announced Thursday the Seidler family's decision to examine a sale. The club has hired BDT & MSD Partners, which served as an advisor in similar discussions in recent years for the NBA's Boston Celtics and MLB's Chicago White Sox. John Seidler, who became Padres president after his brother's death in Novem…
·United States
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Rockdale Citizen & Newton CitizenReposted by 
MLB
MLBSeidler family to explore 'strategic options,' including sale of Padres
The Seidler family announced Thursday that it is exploring "strategic options" that could result in the sale of a portion or all of the San Diego Padres.
·Georgia, United States
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Coverage Details
Total News Sources29
Leaning Left10Leaning Right1Center9Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 45%
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