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The bidding for the Padres is nearing a resolution

Jun 22, 2012, 10:58 PM EDT

UPDATE: Rosenthal adds that Moores met today with Peter Seidler, the nephew of former Dodgers owner Peter O’Malley. He met with Jabara earlier this week.

Both groups have submitted bids of $800 million, which includes $600 million for the team and $200 million as part of the team’s TV deal with FOX Sports San Diego.

10:51 PM: According to Ken Rosenthal of, Padres owner John Moores is close to reaching an agreement to hand over majority control of the team.

Rosenthal hears that the club is seen as the O’Malley family’s “to lose” while a group led by Gary Jabara, the founder of a Newport Beach wireless communications company, remains in the mix with a competitive offer.

Scott Miller of named the O’Malley family and Jabara as the finalists for the Padres earlier this evening. Moores’ asking price for majority control is now is in the range of $800 million and there’s optimism a deal will come together before the All-Star break. A formal transfer of ownership is unlikely to take place until the owners meetings in August.

  1. micker716 - Jun 23, 2012 at 12:39 AM

    I don’t care if it’s the old Dodger guy or the Bluetooth guy. This needs to get done. San Diego has been in limbo long enough. It’s only the NL West, any shmuck with money in the bank and a smart front office can win.

  2. ndnut - Jun 23, 2012 at 1:08 AM

    How far did our late entry bid get?

  3. xpensivewinos - Jun 23, 2012 at 2:18 AM

    Since Bud Selig will be making this decision, my money is on the O’Malley bloodline.

    Getting rid of the current group of front office clowns who have led this team right in to the sewer will be a welcome first step. Perhaps at some point, the team will improve to the point of just being a pathetic embarrassment.

    Ah, to dream…..

    • gloccamorra - Jun 23, 2012 at 2:15 PM

      The “front office clowns” (Jed Hoyer, Josh Byrnes and a team of scouts/evaluators) built a pretty good farm system with astute trades and excellent drafts in the last three years. It was the current owner John Moores and prospective owner Jeff Moorad who penny-pinched the franchise at the major league level with ridiculously low payrolls. If the new owners are smart, they’ll leave the front office intact and properly finance a major league payroll to see what they can do to improve the parent team.

  4. jwbiii - Jun 23, 2012 at 11:58 PM

    I don’t know about that. In John Helyar’s The Lords of the Realm, Walter O’Malley was portrayed as being overbearing and pretty much running MLB. I’m not the owners will want that bloodline on board.

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