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O’Malley group selected to purchase Padres

Jul 6, 2012, 9:40 PM EDT

UPDATE: This could just be a formality, but the San Diego Union-Tribune is reporting that negotiations between the two sides are ongoing and that an agreement is not expected until after the All-Star break.

9:22 PM: The O’Malley family is getting back in the baseball ownership business. This time with the Padres.

Ken Rosenthal of FOXSports.com has the goods:

The O’Malley group, which includes four grandchildren of former Dodgers owner Walter O’Malley, has emerged as the favorite over the past couple of weeks and was recently given an exclusive window to purchase majority control of the club from outgoing owner John Moores. Golfer Phil Mickelson, who is from San Diego, is also an investor with the group. Commissioner Bud Selig expressed support of the O’Malley’s bid earlier this week.

  1. icanspeel - Jul 6, 2012 at 9:37 PM

    Great news for the Padres and their fans. Finally an owner who will be interested in the team. It will be interesting to see who they want to keep and who to ship around the trade deadline.

  2. micker716 - Jul 6, 2012 at 9:55 PM

    IF this is true, let’s hope they have the finances to field a competitive team. Mickelson just missed another cut at the Greenbrier Classic. Does that mean Headley is going to the Dodgers for A-level prospects? How is the sale being financed? Where’s the money?

    • Kevin S. - Jul 6, 2012 at 11:03 PM

      I have no idea how big an investor Phil Mickelson is in this group, but let’s just say his finances are stable enough to handle missing some cuts.

  3. gloccamorra - Jul 7, 2012 at 10:04 AM

    One thing that might come out later is that Ron Fowler, who was the point man for the 49% owners, is also remaining after the O’Malleys take over. It may be that a significant part of the Moorad group is staying as minority owners, meaning the O’Malleys had only to buy Moores’ 51% and maybe a couple of the minority owners to take over.

    • SmackSaw - Jul 7, 2012 at 12:29 PM

      You’re exactly correct. Meet the new boss, same as the old boss.

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