Overview
- A Feb. 2 Travis County filing shows Sheel Seidler dismissed most allegations against Bob and Matt Seidler with prejudice under an agreement, leaving two claims active.
- The remaining issues are a breach of duty to distribute and a demand for a full accounting, and the filing did not disclose settlement terms.
- The ownership group hired BDT & MSD Partners in November to run a sale process, executives are presenting financials to prospects, and reporting suggests a sale likely waits for full legal resolution.
- Reported suitors include Dan Friedkin, José E. Feliciano and Joe Lacob, though neither the club nor the investors have confirmed their interest.
- Recent estimates value the Padres between $1.95 billion (Forbes) and $2.31 billion (Sportico), and a higher outcome could surpass the $2.42 billion MLB record for the Mets in 2020.