The Seidler family is exploring a potential sale of the Padres. The team has engaged BDT & MSD Partners to guide the process. Forbes values the Padres at $1.95B. The team ranked eighth in total payroll ($224M) in 2025.
“The family has decided to begin a process of 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,” said John Seidler, the Padres Chairman. “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 family and franchise say they will not comment further.
Last year, San Diego posted another record-breaking season on the business side, establishing franchise bests in attendance and local controllable revenue, while driving more than 70,000 direct-to-consumer streaming subscriptions, the most for any team under MLB’s TV umbrella. The family, however, has been in a dispute over control of the team dating back to the offseason. Sheel Seidler, Peter’s widow, filed a lawsuit against John’s brothers, Bob and Matt Seidler, alleging breaches of their financial duties and fraud.