"The Padres announced Thursday that the Seidler family, which has owned the majority stake in the franchise since 2012, will explore "strategic options" for the team, including a potential sale of the franchise."
"Kevin Acee of the San Diego Union-Tribune reported the potential sale just minutes before the team's formal press release."
""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 within this morning's 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.""
The Seidler family, majority owners of the Padres since 2012, will begin evaluating the franchise’s future, including a possible sale. A local reporter published the potential sale minutes before the team’s formal announcement. Chairman John Seidler pledged that the evaluation will be conducted with integrity and professionalism and that the process will honor the late Peter Seidler’s legacy. The Padres will continue preparing for the 2026 season, focus on players, employees, fans, and community, commit resources toward winning a World Series, and remain dedicated to the team and San Diego.
Read at MLB Trade Rumors
Unable to calculate read time
Collection
[
|
...
]