Matt Seidler Files Response To Sheel Seidler Lawsuit

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Sheel Seidler, the widow of late Padres owner Peter Seidler, trying to gain control of the team. That suit made various allegations, including that two of Peters brothers (Matt and Bob) breached various fiduciary duties as they tried to make an underhanded attempt to control the club and maybe even relocate the team. This week, Matt Seidler has filed a response that refutes Sheels narrative, as relayed by and . Matt and Sheel present very different perspectives about how things have proceeded in recent years. Matts response states that Peter amended Don Mcmahon Jersey his trust seven times and did not name Sheel a trustee in any of those changes, whereas Peters brothers Robert, Matt and John Seidler are designated as trustees, with the trustees to name the control person. In December, it was that John would be named the clubs new control person. In fact, the response reads, the Trust Agreement precludes Sheel from ever serving as a succe sor Trustee under any circumstance. Conversely, Peter provided that, after Sheels death, each of his Children would have the right to become cotrustees of their own trusts once they reached the age of (40). The response goes on to say that the transactions Sheel identified as fraud actually benefited the trust at a rate twice as much as expected, with Sheel and her children beneficiaries of said trust. Matts response also alleges the trust has made multiple transactions to benefit Sheel, including transferring ownership of a $30MM Texas ranch to her name, the purchase of an $8.5MM home in Coronado, California, as well as cash disbursements totaling more than $4.5MM. Matts response alleges that Sheel requested to be the clubs control person, which Matt denied, at which point she demanded $20MM and a promise of annual payments in that same amount. Matt also alleges that Sheel used power of attorney to take $2.5MM from one of Peters accounts while he was in the ICU. The filing also states that Sheels goal is to manufacture claims against the Trustees in pursuit of the control that Peter intentionally chose not to give her and that the lawsuit was a public relations move which sought to prejudice the Padres fanbase against Matt, Bob, and John. Whether the ownership battle has any on-field impact is something that can be debated, but Matts filing insinuates that Sheels suggestion that the club might leave San Diego impacted discu sions with right-hander . The Dodgers were long considered the most likely landing spot for Sasaki with the Padres considered a dark-horse threat. The Padres and Dodgers were two of the three finalists, alongside the Blue Jays, though Sasaki did eventually pick the Dodgers. Longtime Padre recently signed with Atlanta and was asked about not returning to San Diego. In video relayed by , Profar alluded to the i sues with ownership that the Padres have. Perhaps that was a reference to this legal battle or simply the clubs well-documented financial i sues in recent years. Even before Peter died in November of 2023, it was in September of that year that the club would have to cut back its spending habits because they were deemed to be out of compliance with MLB regulations regarding their debt service ratio. The current offseason and last winters have been largely defined by the club dealing with payroll constraints, which led to last winters trade. The club has been le s active this offseason but players like , , , and others have been in trade rumors. Dane Butswinkas, an attorney representing Sheel, provided Acee with a statement in response to Matts filing: The response, for all of its bravado, is especially thin in responding to the very specific and serious allegations of Matt and Robert Seidlers breaches of fiduciary duty. Its ironic that they accuse Sheel Peters wife of two decades and the mother of his three children of misusing his a sets, while at the same time they have reaped the benefits of Peters generosity for decades. The fact is, we will win in court because the defendants have shown they have no case. In short, their response is a total strike out. Its unclear what the next steps of the legal proce s will be or what the expected timelines are. Per Lin, the MLB owners are scheduled to vote on John as the clubs control person next week. Many clubs are owned by multiple people but each team gets one control person who is a point of contact for the league and who votes on league matters. Complicated ownership disputes are not unprecedented in Major League Baseball. Various members of the Angelos family, which previously owned the Orioles, filed lawsuits against each other after Peter Angelos fell ill. Those lawsuits were and the club was in 2023. Luis Gonzalez Jersey

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