Just over a year after the sudden passing of Padres owner Peter Seidler, the organization has its new control person. While Seidler’s business partner Eric Kutsenda took over as interim control person in the immediate aftermath of Seidler’s death, he’ll now be succeeded more permanently by John Seidler according to a report from Kevin Acee of the San Diego Union-Tribune. Kutsenda will remain part of the organization and the rest of the team’s senior leadership will remain in their current roles. Seidler’s ascent to title of control person will need to receive the approval from the league before it becomes official.
Seidler, 65, is the brother of the Padres’ previous owner and is among the members of the Seidler family who collectively hold what Acee notes is believed to be a 45% stake in the team. Previous reports have indicated that Peter Seidler intended for his family to maintain ownership of the Padres for generations to come and that the club intended to proceed with that plan following his death. John Seidler taking the reins of the organization appears to be the latest move toward making that plan a reality, and Acee added that a source familiar with the family’s plans confirmed to him that the Seidler family intends to own the Padres for “a long time.”
“Since Peter’s passing, Eric Kutsenda has served as our interim control person,” the Padres said in a statement provided to Acee. “Peter’s youngest brother Matt, as trustee of Peter’s trust, is pleased to announce that John Seidler, Peter’s oldest sibling, an accomplished entrepreneur and business executive, will be the Padres’ next control person, pending approval by Major League Baseball.
Peter never viewed the Padres as ‘his’ team. Instead, he saw the team as an asset of the community of which he was a faithful steward. John shares Peter’s vision and will continue to strengthen and nurture this great franchise, its players, fans and employees, and the entire San Diego community.”
Importantly, Acee notes that the upcoming changing of the guard at the top of the Padres organization is not expected to impact the club’s plans on the field in terms of payroll. In its final years under Peter Seidler, the Padres organization had operated hefty payrolls in hopes of speeding up the club’s timeline for contention, but starting last offseason began to lower payroll to something closer to the middle of the pack. Acee adds that the Padres believe that their current model for payroll is “more sustainable” and that it figures to continue going forward with John Seidler now at the helm.
For the 2025 season, that likely means the club’s payroll will need to come down as compared to current projections. RosterResource projects a $210MM payroll for the club next season as things stand, which is $41MM higher than last year’s $169MM figure. While previous reporting has indicated that the club has room to increase the budget beyond its 2024 level, that increase is expected to be marginal and leave the club to ponder trading pricey arbitration-level players such as Dylan Cease and Luis Arráez.
