The San Diego Padres could be up for sale soon, according to a statement released by the Seidler family on Thursday.
After months of consideration, the Seidler family has decided to begin the process of exploring strategic options for the Padres franchise, which includes a possible sale of the team. The organization is working with BDT & MSD Partners as advisors to guide the process.
“The family has decided to begin a process of evaluating our future with the Padres, including a potential sale of the franchise,” chairman John Seidler said in the announcement. “We will undertake this process with integrity and professionalism in a way that honors [late chairman Peter Seidler’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.”
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San Diego has turned the corner in recent years, going from a laughingstock of the National League to a serious contender. The Padres have won at least 89 games in three of the last four seasons and even made an NLCS appearance in 2022.
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In 2025, the Padres finished with 90 wins but were eliminated in the wild-card series. The 2024 season saw the Padres win the second-most games in franchise history when they finished 93-69. Only the 1998 season was better when they finished with a record of 98-64, making it all the way to the World Series.
The late Peter Seidler purchased the team in 2012 and upon his death in 2023, the team was taken over by his family, with John Seidler serving as chairman.