Padres sale agreement in place, needs MLB approval

continued from page 1

Question of the Day

What has been the biggest debacle on Obama's watch?

View results

A big question is whether the O’Malley group has the operating capital to make the Padres competitive.

The new ownership group includes Peter O'Malley’s two sons, Kevin and Brian, and nephews Peter and Tom Seidler. Two of the four are expected to move to San Diego.

Tom Seidler is president of the Class A Visalia Rawhide.

Mickelson, who’s from San Diego, said in late May that being involved with the O’Malley group was a good investment opportunity and a chance to be involved in the community.

Mickelson is a four-time major champion who was inducted into the World Golf Hall of Fame in May.

After presiding over what had been baseball’s oldest family dynasty, Peter O'Malley sold the Dodgers to Rupert Murdoch’s Fox Group in March 1998 for about $311 million _ at the time the most ever paid for a U.S. sports franchise.

Walter O’Malley died in 1979.

Under the O’Malley ownership, the Dodgers won six World Series, 13 NL championships and finished first or second in their division 33 times in 48 years.

By comparison, the Padres have been to two World Series, losing in 1984 and 1998.

Moores‘ proposed sale of the team to Moorad, a former player agent, collapsed earlier this year after baseball owners refused to approve to proposed transfer of controlling interest.

Moores, who made a fortune in computer software, bought a majority stake in the Padres for approximately $80 million in December 1994 from a 15-member group headed by TV producer Tom Werner, who eight years later became chairman of the Boston Red Sox.

Under Moores‘ ownership, the Padres won four NL West titles and reached the 1998 World Series before being swept by the New York Yankees.

While the Padres enjoyed success under Moores in the 1990s and for a stretch in the mid-2000s, the franchise also has struggled.

In November 1998, voters overwhelmingly approved the construction of Petco Park. The downtown ballpark didn’t open until 2004, however, due to lawsuits and a federal investigation into Moores‘ dealings with a city councilwoman.

The Padres had five straight losing seasons from 1999-2003 before going 87-75 in their first season in Petco Park.

Story Continues →

View Entire Story

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments
blog comments powered by Disqus
Get Adobe Flash player