There’s a brand new supervisor in San Diego and a possible new proprietor on the best way.
John Seidler, the Padres’ chairman and management particular person, introduced Thursday that the possession group is exploring a sale.
This seismic announcement comes sooner or later shy of the two-year anniversary of former chairman Peter Siedler’s loss of life, which has since led to household in-fighting over workforce management.
“I wish to share with you that the household has determined to start a technique of evaluating out future with the Padres, together with a possible sale of the franchise,” Seidler stated in a press release. “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. Through the course of and as we put together for the 2026 season, the Padres will proceed to deal with placing each useful resource into successful a World Collection championship. We stay absolutely dedicated to you, this workforce, and the San Diego neighborhood.
“We’re additionally dedicated to discovering a brand new steward for the franchise who shares Peter’s imaginative and prescient: proceed to subject a constantly aggressive workforce and win a World Collection championship for San Diego. We now have each expectations that the brand new proprietor will construct on the momentum we’ve got constructed collectively and function the franchise and ballpark in a first-class method, the best way our present management workforce does.”
CNBC valued the Padres at $2.1 billion in April.
Peter joined the possession ranks in 2012 when he and a number of other others bought the workforce, and he grew to become the workforce’s chairman in 2020.
He invested into the workforce, elevating the payroll, and the Padres loved a 2022 run to the NLCS that included an NLDS win over the rival Dodgers.
Peter died Nov. 14, 2023, and there was rivalry over the workforce’s future.
His widow, Sheel Seidler, sued her brothers-in-law, Matthew and Robert, in January to forestall fellow brother-in-law, John, from taking management of the workforce, as proposed in December 2024.
She requested to be named the workforce’s management particular person.
“I made this choice as a really final resort, however I’m assured it’s the proper one and the easiest way to guard the Padres franchise and make sure the imaginative and prescient that Peter and I shared for the workforce will proceed,” Sheel stated on the time in a press release, in keeping with the Related Press.
MLB finally permitted John because the workforce’s management particular person in February.
The Padres’ possession is made up of a minimum of 10 people or teams, and Peter Seidler Belief — of which Sheel is included — owns a 24 p.c stake, in keeping with the San Diego Union-Tribune.
Whereas uncertainty now swirls the franchise, a supply instructed the Union-Tribune that the expectation is the workforce’s payroll will stay in the identical vary as this previous yr.
The Padres had the sixth-highest mark at roughly $225 million, per Spotrac.
San Diego is coming off a second straight — and third in 4 years — playoff look, falling to the Cubs in three video games within the wild-card spherical.
Supervisor Mike Shildt retired after the season, and the workforce employed former MLB reliever Craig Stammen, who has by no means managed.
