Padres For Sale? Family of Late Owner Peter Seidler Exploring Possibility

The family of the late San Diego Padres owner Peter Seidler is exploring the possibility of selling the franchise.

The Padres announced the Seidler family’s 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 MLB’s Chicago White Sox and the NBA’s Boston Celtics.

John Seidler, who became the Padres' chairman after his brother’s death in November 2023, said his family is "evaluating our future with the Padres, including a potential sale of the franchise."

"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 Seidler added in a statement. "During 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."

Peter Seidler was part of a group that purchased the Padres for $800 million in 2012, and he became the team’s primary owner in November 2020 after buying out Ron Fowler’s majority stake. He quickly endeared himself to Padres fans with his aggressive spending in an attempt to win San Diego’s first major professional sports championship.

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’s control person. Sheel Seidler alleged Peter Seidler wanted her to succeed him, but Matthew Seidler said Sheel Seidler’s claims were "entirely untrue, and we will