Peter Seidler purchased the team in 2012 and helped usher them into an era of unusual prominence. Brandon Sloter / Getty Images
A day before the second anniversary of Peter Seidler’s death, the family of the late San Diego Padres owner announced it had begun exploring its strategic options.
One possible outcome: a sale of the team that Seidler purchased in 2012 and helped usher into an era of unusual prominence.
“The family has decided to begin a process of evaluating our future with the Padres, including a potential sale of the franchise,” Padres chairman John Seidler, Peter’s older brother, said in a statement. “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. During the process and as we prepare for the 2026 season, the Padres will continue to focus on its 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.”
The Seidler family has retained merchant bank BDT & MSD Partners to oversee the process. Seidler said the family and the Padres do not intend to comment further until the process is concluded.
This story will be updated.
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