Professional golfer and San Diego native Phil Mickelson is passing on an investment in the San Diego Padres, saying he doesn’t have the time to make a serious commitment to the new ownership group. Mickelson was included as potentially being part of the new Padres owners when the sale of the team from John Moores […]
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Owners approve sale of Padres to Fowler/O’Malley group
No surprise: Major League Baseball today approved the sale of the San Diego Padres to a group led by Ron Fowler and Peter O’Malley, ending John Moores’ tenure as team owner. The vote this morning was seen as a formality by many in baseball; a new owner doesn’t get this far if the skids weren’t […]
MLB owners expected to approve Padres sale tomorrow
Unless something goes dramatically wrong overnight, 29 MLB owners are expected to approve the sale of the San Diego Padres to a group led by Peter O’Malley and Ron Fowler tomorrow. The MLB owners are meeting in Denver. Today the MLB Finance Committee and Executive Council heard a presentation from the proposed new ownership group, and […]
Will Padres sale affect San Diego development?
John Moores did a lot more than just own the San Diego Padres: his leadership led both to Petco Park and an impressive economic renaissance of the ballpark area. Will he continue those efforts now that he’s selling the team? When it comes to tangible economic development relating to ballpark development, there’s no better success […]
O’Malley group reaches agreement to buy Padres
A group led by Peter O’Malley and family, as well as pro golfer Phil Mickelson, has reach an agreement to buy the San Diego Padres from John Moores and other minority investors. The sale price has not been formally announced, but it’s been pegged at around $800 million, though that number may actually be lower because […]
O’Malley group has inside track to land Padres: report
The O’Malley name could be back in Major League Baseball, as a group led by Peter O’Malley is said to have the inside track on landing the San Diego Padres — provided they can meet the asking price. The San Diego News-Tribune’s Bill Center is reporting John Moores has been meeting with the two finalists […]
Mickelson joins potential Padres ownership group
Golfer and San Diego native/resident Phil Mickelson has joined Peter O’Malley’s group in their pursuit of the San Diego Padres ownership. Mickelson, second only to Tiger Woods in career earnings since 2004, earned about $61 million last year between tournament wins, appearances and sponsorships, per Sports Illustrated. So he brings some serious backing to the […]
Three groups approved to negotiate purchase of Padres
Three groups, including one led by former Los Angeles Dodgers owner Peter O’Malley, have been approved to further negotiate a purchase of the San Diego Padres from John Moores. Moores had a deal to sell the Padres to Jeff Moorad for $530 million, but the deal collapsed after former agent Moorad failed to garner enough […]
O’Malleys may make run at Padres
Not a bad consolation prize: Peter O’Malley says he and his family are considering making a bid for the San Diego Padres, put back on the market by John Moores. The O’Malley family has deep roots in baseball: Walter O’Malley moved the Brooklyn Dodgers to Los Angeles and built Dodger Stadium; Peter O’Malley ran the […]
Moores puts San Diego Padres back on the market
Following Jeff Moorad’s failed attempt to buy the team, San Diego Padres owner John Moores has hired investment bankers to advise him on another sale of the franchise. Unless something goes dramatically wrong with the sale this time, the delay will end up paying off for Moores: the team is undoubtedly worth more after a […]