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Seidler Family Launches Formal Review of Padres Ownership, Including Possible Sale

BDT & MSD Partners will run the review, with unresolved trust litigation plus reported debt likely to shape buyer interest.

Overview

  • The family said it will evaluate strategic options for the franchise that could include selling part or all of the team after months of consideration.
  • The club hired BDT & MSD Partners to oversee a disciplined process, and further public comment is not expected until it concludes.
  • Team officials say baseball operations will proceed for 2026 as usual, with reporting indicating payroll is expected to track near 2025 levels.
  • Peter Seidler’s widow, Sheel, has an active lawsuit challenging control of the trust, though MLB approved John Seidler as control person in February.
  • Reports peg the franchise valuation around $1.8–$1.95 billion, with roughly $300 million in debt and owner paybacks, and note a minority holder with about a 10% stake is seeking to sell.