The San Diego Padres might be up for sale.
John Seidler, the team chairman, announced Thursday that his family was “exploring strategic options” for the franchise, including a potential sale.
Seidler’s father, Peter Seidler, purchased the team in 2012 and held ownership until his death in 2023.
“The family has decided to begin a process of evaluating our future with the Padres, including a potential sale of the franchise,” Seidler 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.”
Seidler announced that BDT & MSD Partners will guide the process and neither the Padres nor the Seidler family will again comment until the process is over.
The elder Seidler purchased the Padres from John Moores for $800 million.
The most recent sale of a Major League Baseball team came when the Tampa Bay Rays were sold to a group led by Patrick Zalupski this past September for approximately $1.7 billion.
