Overview
- The Padres said the family is evaluating strategic options up to a full sale and has retained BDT & MSD Partners to run the process.
- A preliminary valuation reported by the Union-Tribune pegs the club around $1.8 billion with roughly $300 million in debt and more than $150 million in recent owner paybacks.
- Team officials describe baseball operations as business as usual during the review, with payroll expected to remain in the same general range as 2025.
- MLB owners approved John Seidler as the club’s control person in February, while a lawsuit filed by Peter Seidler’s widow, Sheel, over control of the franchise remains active in Texas probate court.
- One minority investor holding about 10% is pursuing a sale of that stake, and sources note record attendance, a Petco Park lease through 2033, and the recent hiring of manager Craig Stammen as contextual factors for potential buyers.