Oct 15, 2022; San Diego, California, USA; San Diego Padres proprietor Peter Seidler celebrates defeating the Los Angeles Dodgers throughout sport 4 of the NLDS for the 2022 MLB Playoffs at Petco Park. Mandatory Credit: Orlando Ramirez-Imagn Images The widow of San Diego Padres proprietor Peter Seidler sued two of his brothers on Monday as she goals to realize management of the membership.
Sheel Kamal Seidler filed a criticism in Texas probate courtroom claiming that she and her three kids have been “successfully ostracized” from the Padres since Peter Seidler died in November 2023.
She additional alleged that brothers Bob and Matt Seidler, trustees of the Seidler belief, conspired to promote themselves belief belongings at “far-below-market costs” in a break from their fiduciary duties.
According to Sheel Seidler, Peter Seidler stated earlier than his loss of life that his want was for her to take management of the Padres, adopted by their kids. Sheel Seidler stated she and her kids maintain the most important stake in possession.
“They (the brothers) try to erase Peter’s imaginative and prescient and legacy,” the criticism alleges, “in addition to falsely solid themselves as Peter’s true heirs.”
Among her different accusations, she stated Robert and Matthew Seidler have labored to exclude her from charity occasions held in her late husband’s honor and have “made clear” that she and her kids aren’t welcome within the proprietor’s field at Petco Park.
The brothers “not solely disregarded the clear phrases and function of the need and belief instrument that Peter created, however additionally they have deliberately schemed to take for themselves the property and Seidler trusts’ worth rights and belongings,” the criticism states. “They have accomplished so by deceptive Sheel, participating in conflicted transactions and egregious acts of self-dealing, and when Sheel started expressing concern and questioning their actions, they responded by demeaning and making an attempt to intimidate her — together with through the use of belief belongings to pay legal professionals to threaten her into submission and silence.”
Once a low-spending small-market group within the shadow of the Los Angeles Dodgers, the Padres threw monetary weight round within the closing years of Peter Seidler’s life. The membership’s Forbes valuation grew to $1.78 billion final 12 months, rating seventeenth in Major League Baseball.
However, the group reduce its payroll in 2024 after its media contract fell by by way of Diamond Sports Group’s chapter. But the Padres nonetheless fielded a aggressive group, received 93 video games and made the postseason.
–Field Level Media