San Diego Padres owner and chairman Peter Seidler has died at the age of 63.
The Padres announced his death in a media release on Tuesday, The news comes after Seidler, a two-time survivor of non-Hodgkins lymphoma, shared in a statement in September that he had undergone “a medical procedure” the month prior and was “on the road to recovery.”
“Although I can’t be with you at the ballpark for our remaining games this season, I am watching them all, and I look forward to making some noise together again in 2024 and celebrating the 20th anniversary of our beautiful ballpark,” his statement added.
According to the San Diego Union-Tribune, Seidler “had been battling an illness for months,” and his family requested for his cause of death to remain private.
Peter Seidler obituary
Peter Seidler was born in Alhambra, California, on November 7, 1960.
He was the grandson of Walter O’Malley and nephew of Peter O’Malley, who had owned the Brooklyn / Los Angeles Dodgers of Major League Baseball (MLB).
He earned a bachelor’s degree in finance from the University of Virginia and a Master of Business Administration from the University of California, Los Angeles.
While at Virginia, he joined Delta Upsilon Fraternity.
Seidler founded a private equity firm, Seidler Equity Partners in Marina del Rey, California, in 1992. He was the managing partner.
The firm had an estimated $1.8 billion in assets under management in 2020 and $3.5 billion in 2023.
In 2012, Peter Seidler, his uncle Peter, and Ron Fowler formed the O’Malley Group, which purchased MLB’s San Diego Padres from John Moores.
On November 18, 2020, MLB approved the transfer of the role of chairman from Fowler to Seidler, who purchased part of Fowler’s stake in the team to become the largest stakeholder.
Peter Seidler increased the Padres’ payroll to $214 million for the 2022 season, which was the sixth-highest in MLB.
The Padres reached the 2022 National League Championship Series. The Padres payroll increased to $237 million for the 2023 MLB season, the third-highest in MLB.
He authorized the acquisitions and contract extensions to star players, including Xander Bogaerts, Yu Darvish, Manny Machado, Fernando Tatís Jr., Juan Soto, Josh Hader, and Joe Musgrove.
Personal life and Illness
Peter Seidler and his wife, Sheel, had three children. They lived in La Jolla, California.
Seidler had type 1 diabetes. He also survived two bouts with non-Hodgkin lymphoma.
In September 2023, Seidler announced that he had undergone a medical procedure which would prevent him from attending any further games in the 2023 season.
He died in San Diego on November 14, 2023, at the age of 63.
Peter Seidler Memorial.
A memorial for Peter Seidler has been set up at Petco Park.
A picture of the Padres owner is framed in between two wreaths of brown and gold flowers, which are the team’s colors.
Padres pitcher Yu Darvish was shown paying his respects to Seidler alongside his wife at the memorial site.
When is Peter Seidler funeral?
As of now, the funeral date of the late Peter Seidler has not been disclosed by his family.
Having said that, we are still following up on his death, we will update you as soon as we get important information about Peter Seidler funeral service.
Source: www.www.atinkanews.net
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