3:54pm: The sale is still fluid, Ken Rosenthal of FOX Sports reports (on Twitter). The O'Malley group and Jabara are definitely among the finalists, yet Kaplan isn't as certain and others could be involved.
2:39pm: Gary Jabara, Steve Kaplan, and the family of former Dodgers owner Peter O’Malley appear to be the three finalists in the running to purchase the Padres, Bill Shaikin of the LA Times reports. Jabara, the founder of a wireless communications company, and Kaplan, an investment advisor, are based in Los Angeles/Orange County, rather than San Diego.
Bidders had to be prepared to spend $800MM to become one of the three finalists, Jon Heyman of CBSSports.com reports. However, some people say owner John Moores’ asking price isn’t justifiable given the Padres’ revenues, according to Heyman.
Moores could select a buyer by next week, according to FOX Sports. The sale price reflects the team’s rising value, but will also include equity in FOX Sports San Diego.