Baseball for the Thinking Fan

Login | Register | Feedback

btf_logo
You are here > Home > Baseball Newsstand > Baseball Primer Newsblog > Discussion
Baseball Primer Newsblog
— The Best News Links from the Baseball Newsstand

Tuesday, August 07, 2012

Padres sold to group headed by O’Malley heirs, Fowler, Mickelson

What a Kroc!

It took longer than expected, but the sale of the Padres to a group headed by heirs of the former owners of the Los Angeles Dodgers, San Diego business and civic leader Ron Fowler and professional golfer Phil Mickelson was completed Monday night.

The O’Malley Group purchased the Padres from majority owner John Moores and a group of minority owners formed by Jeff Moorad in 2009 to buy the Padres. The sale price of approximately $800 million includes $200 million in upfront money the Padres received as an advance payment from Fox Sports San Diego as part of a new 20-year television agreement.

The transaction was finalized Monday night pending approval by other Major League Baseball owners. That approval could come as soon as Aug. 16 when the owners meet in Denver.

RoyalsRetro (AG#1F) Posted: August 07, 2012 at 01:32 PM | 8 comment(s) Login to Bookmark
  Tags: franchise sale, padres

Reader Comments and Retorts

Go to end of page

Statements posted here are those of our readers and do not represent the BaseballThinkFactory. Names are provided by the poster and are not verified. We ask that posters follow our submission policy. Please report any inappropriate comments.

   1. Moeball Posted: August 07, 2012 at 05:13 PM (#4202661)
We will field exciting and winning teams.


Currently they have neither (sigh).
   2. Joe Kehoskie Posted: August 07, 2012 at 05:20 PM (#4202672)
O'Malley struggled to run the big-market Dodgers (and ultimately sold the team) in the '90s when the Dodgers had $0 debt. It's going to be interesting to see how he does with the low-revenue Padres while likely carrying substantial debt.
   3. McCoy Posted: August 07, 2012 at 06:15 PM (#4202711)
When was the last time a team was exciting and a losing team?
   4. Crispix reaches boiling point with lackluster play Posted: August 07, 2012 at 06:23 PM (#4202715)
The 2007 Giants?
   5. valuearbitrageur Posted: August 07, 2012 at 07:43 PM (#4202749)
So does Moorad get some of the sale price?
   6. charityslave is thinking about baseball Posted: August 07, 2012 at 08:30 PM (#4202782)
Damn, I wish I'd gone ahead and bought the Astros for the $680 million. That was a bargain.
   7. asinwreck Posted: August 07, 2012 at 08:37 PM (#4202785)
When was the last time a team was exciting and a losing team?


Last night, if exciting = hilarious.
   8. Moeball Posted: August 08, 2012 at 08:17 PM (#4203846)
Last night, if exciting = hilarious.


Wow - I saw the replay and I could have sworn this was archival footage of the '62 Mets!

You must be Registered and Logged In to post comments.

 

 

<< Back to main

BBTF Partner

Support BBTF

donate

Thanks to
dirk
for his generous support.

Bookmarks

You must be logged in to view your Bookmarks.

Hot Topics

Newsblog2014 WORLD SERIES GAME 4 OMNICHATTER
(26 - 7:51pm, Oct 25)
Last: Sunday silence

NewsblogOT:  October 2014 - College Football thread
(458 - 7:42pm, Oct 25)
Last: AuntBea

NewsblogOT: Politics, October 2014: Sunshine, Baseball, and Etch A Sketch: How Politicians Use Analogies
(3796 - 7:31pm, Oct 25)
Last: Gonfalon Bubble

NewsblogYost's managerial decisions make for extra-entertaining World Series | FOX Sports
(16 - 7:30pm, Oct 25)
Last: BDC

NewsblogBoston Red Sox prospect Deven Marrero enjoying turnaround in Arizona Fall League | MiLB.com
(13 - 7:00pm, Oct 25)
Last: Bug Selig

NewsblogGambling Bochy creature of habit when it comes to pitchers | CSN Bay Area
(5 - 6:56pm, Oct 25)
Last: Bug Selig

Hall of MeritMost Meritorious Player: 1959 Ballot
(8 - 6:29pm, Oct 25)
Last: Chris Fluit

NewsblogMLB - Royals' Ned Yost keeps managing to win - ESPN
(12 - 6:15pm, Oct 25)
Last: Cat8

NewsblogDave Dombrowski: Injury worse than expected, Miguel Cabrera 'is as tough as you can possibly be' | MLive.com
(24 - 6:10pm, Oct 25)
Last: Random Transaction Generator

NewsblogOT: NBC.news: Valve isn’t making one gaming console, but multiple ‘Steam machines’
(872 - 6:02pm, Oct 25)
Last: Greg K

NewsblogOT: Monthly NBA Thread - October 2014
(395 - 5:49pm, Oct 25)
Last: NJ in DC (Now with Wife!)

NewsblogBuster Olney on Twitter: "Sources: Manager Joe Maddon has exercised an opt-out clause in his contract and is leaving the Tampa Bay Rays immediately."
(87 - 5:12pm, Oct 25)
Last: PASTE Thinks This Trout Kid Might Be OK (Zeth)

NewsblogJohn McGrath: The Giants have become the Yankees — obnoxious | The News Tribune
(20 - 4:40pm, Oct 25)
Last: Baldrick

NewsblogOT: The Soccer Thread, September 2014
(936 - 4:29pm, Oct 25)
Last: Howling John Shade

NewsblogPhils' philospophy beginning to evolve | phillies.com
(12 - 4:08pm, Oct 25)
Last: Textbook Editor

Page rendered in 0.1399 seconds
53 querie(s) executed