San Diego Padres chairman John Seidler on Thursday said his family is in the process of exploring "strategic options" for the franchise, including selling the team.

"The family has decided to begin a process of evaluating our future with the Padres, including a potential sale of the franchise," Seidler said in a statement. "We will undertake this process with integrity and professionalism in a way that honors Peter's legacy. and love for the Padres and lays the foundation for the franchise's long-term success."

John Seidler was approved by MLB in February as the franchise's chairman following the 2023 death of his younger brother, Peter Seidler.

Seidler said the team will continue to focus on the 2026 season "while putting every resource into winning a World Series championship."

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