Three Bidders Remain For Padres

Three bidders remain for the Padres and owner John Moores could select a buyer by late next week, reports Ken Rosenthal of FOX Sports. One of the three groups is led by former Dodgers owner Peter O'Malley while the other two hail from Southern California as well. One is described as a businessman, the other a private equity investor.

A fourth bidder was recently eliminated after failing to meet the asking price. That group — led by Thomas Tull, the CEO of Legendary Pictures — included long-time Padre and Hall of Famer Tony Gwynn. The sale price is expected to be at least $800MM, broken down into $600MM for the team and $200MM for part of the team’s equity stake in FOX Sports San Diego.

If a buyer is picked next week, an agreement could be in place by the All-Star break and the sale could close by August. That would afford the new owner the opportunity to work with the team's front office prior to the trade deadline.


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37 Comments on "Three Bidders Remain For Padres"


Padres4lif3
3 years 2 months ago

I hope the sale of the Padres is soon. Moores doesnt care about the team at all and all he cares about is how much money he’s going to get from selling the team. I swear Moores is like one of those guys in the bank commercials..MONEY!!MONEY!!!MONEY!!!!

Gumby65
3 years 2 months ago

Trying really hard to remember where else I heard a story this before recently, I think it too was in So Cal… Any help?

sdsuphilip
3 years 2 months ago

so cohen’s out? who are the 2 other guys?

marinest21
3 years 2 months ago

 Where did you hear Cohen was out? I read it has come down to him, the O’Malley Group, and Dennis Gilbert et al.

lefty177
3 years 2 months ago

Is Phil Mickelson a minority part of any of those remaining owners or was he with Tony Gwynn? Or was that just a rumor that never followed through?

Sd_brain
3 years 2 months ago

i believe he’s part of the o’malleys group

Gumby65
3 years 2 months ago

Irony: Peter O’Malley owning a part of FOX.

ChefR
3 years 2 months ago

that’s a lot of dough for a AAA team

jeffmaz
3 years 2 months ago

You can call them what you want, but the Padres selling price will be one of the top ten largest deals for any sports team – in the world.

VivaJackMurphy
3 years 2 months ago

Say, how have the Red Sox done these past two seasons? Ah yes – they spent four times as much as the Padres and yet both teams were home in October.

ChefR
3 years 2 months ago

 Say, how many rings do the Padres have?

Drew Tweedie
3 years 2 months ago

 I remember the Red Sox having some sorta hump they couldn’t get over for eighty-odd years? It’s escaping me right now.

Commander_Nate
3 years 2 months ago

How much are the Sox paying for Lackey, Matsuzaka and Crawford again?

ChefR
3 years 2 months ago

 that’s a good point, I guess the Red Sox could just buy the Padres

3 years 2 months ago

Cohen please.

Someone step up and put a quality product on the field. San Diego deserves that. Has one of the most beautiful parks in baseball. One of the deepest farms in baseball (albeit many pitching prospects riddled by the injury bug).

Then, modify the fences in right field and make a new old school out of town scoreboard.

Go Padres.

Wainwrights_Curveball
3 years 2 months ago

What’s wrong with the fences in right field?

3 years 2 months ago

Nothing in itself. The atmospheric conditions (the marine layer) along with the dimensions make right field play too extreme. I would like to see the Padres Front Office make a change similar to what the Mets did, but only to right/right-center-field. The current FO has been studying the current conditions and is open to a possible change.

This is a psychological game, add Petco, (the extremities) and there’s a problem.

themonkeyguy
3 years 2 months ago

 Fixing the fences will not change a thing. The padres have a huge advantage at their park that they just need to take advantage of. It was built Barry Bonds proof for a reason, I would think they would like to keep it that way. Just draft and bring in the players that fit the Petco park mold. They may not hit a lot of homeruns but they should bat .280 and above and have a good on base percentage along with the pitching and defense.

Moving in the fences is a sad excuse to not draft well and bring in the right players to play at the park

johnsilver
3 years 2 months ago

 That is how they seem to be doing already and that Amarista kid.. He can fly. Teach him to get on base.. They got Fuentes from Boston in the Gonzalez deal who can fly. Mayben.. They seem to be working towards the speed factor as it is.

3 years 2 months ago

 Forsythe is their guy at second if not Jedd Gyorko. Who yes, I am not sold on if he can be a mainstay second baseman at all. Amarista was brought in more for depth than anything. The prize in that Piece was Donn Roach. 10-1 with a 1.98 ERA working on his 11th win tonight for Lake Elsinore. Best GB/ratio in the minors. Fuentes is young, but isn’t doing much. The Padres have (for awhile) been trying to get more athletic. That’s not exactly new. The Padres have also said, if they do modify the fences, they would not completely change their philosophy. High upside athletes. Impact players.

VivaJackMurphy
3 years 2 months ago

 Not to mention they’re moving in the fences not only for the Pads but for the other teams as well. The effect will be neutralized.

3 years 2 months ago

 Other teams come in for a series, then they are off to their own park. There is a huge distinction to be made there. The psychological affect is huge.

3 years 2 months ago

“The padres have a huge advantage at their park that they just need to take advantage of”

No they don’t.

Since the Padres moved into
PETCO Park, this club has the smallest gap between home and road winning
percentage in the major leagues.
The Padres are the only team
in all of baseball to score more runs on the road than they have given
up, while giving up more runs at home than they have scored. Again, the
Padres are the only team to accomplish this during this eight-year
period. Only four teams, including the Padres, had a better run
differential on the road than at home. The Padres being the worst, with
the Marlins, Phillies and Angels right behind them.
I think the way PETCO Park is
configured now is too distorted against the hitters, bad for the fans
and affects the psyche of our club.” -Joshn Byrnes

hitttman
3 years 2 months ago

I like Byrnes as the GM, Hoyer may have done some damage. Maybe it is time to look at getting a new manager, perhaps Francona?

3 years 2 months ago

 Look what Francona had to operate with. How about a higher payroll, and better players?

Sometimes I question Black’s decisions, but then again look what he has to work with…

hitttman
3 years 2 months ago

 I feel like we missed the bus on Showalter, Francona has extensive minor league managing experience, e.g. he coached Jordan.  I think I am just a little confused why it is that the Padres have two pitching coaches where as every other team has one.

3 years 2 months ago

 I think the jury is out. I’m not sold on him by any means. I would like to see Black manage a quality team.

hitttman
3 years 2 months ago

 I would like to see Bud Black not be a pitching coach and be a manager.

3 years 2 months ago

 Really a Red Sox fan talking smack on the padres, we don’t have a payroll of over 200 million and in last place.

johnsilver
3 years 2 months ago

 Easy there.. SD just owns the worst record in all of baseball 20 games below .500 1/3 of the way through the season and yes.. Boston is in last place, but still only 6.5 games out of 1st place and at .500 there matey…

3 years 2 months ago

 don’t matter how many games they are still out, if someone is going to talk smack make sure you are in a better position than the other team, last place is still last place no matter if you are 1 or 50 games away from first.

johnsilver
3 years 2 months ago

 “last place is still last place no matter if you are 1 or 50 games away from first.”

That makes a whole heap of sense there..

The AL East is wide open, as in all the teams are still in it, while the Padres and Rockies are pretty much toaster material by early June. Get over it.

They will be looking to retool for next season and moving Quentin (hopefully) before he gets hurt again for a decent prospect package.

ChefR
3 years 2 months ago

umm… the Sox are 6.5 games back of first, the Padres are 18.5 …. that’s not the same “position”

Padres4life
3 years 2 months ago

this is crap!! I wanted Tony Gwynn to be part owner….the fans never get what they want, he is the franchise and Mr. Padre. he would have been the greatest owner ever! so sad :(

3 years 2 months ago

 I don’t know…TGwynn as part of the ownership hits a little too close to home. I prefer to keep him on the pedestal (or in the TV booth).

Drew Tweedie
3 years 2 months ago

 Mickelson has said he’d try to get Gwynn involved in the O’Malley group.

PatchBay
3 years 2 months ago

The Padres have a future as the Tampa Bay Rays plus … if the new ownership is right. Every great franchise you can name got there by having great and committed ownership.

The farm system is looking good; luck breaks both ways and the last two years the Padres has been all bad; and, a competitive team will fill Petco quickly.

With the Fox deal, a full stadium and a committed owner the salary can be pushed to medium market range and salary for two or three key players can be afforded. A lot of MLB players would love to settle into San Diego if the franchise is on the rise.

Get rid of the idiotic Fred Flintstone ‘Swingin’ Friar’ logo and character at the ball park … along with the ‘pets’ and the Dancin’ Groundskeeper while we’re at it. Do the Yankees and Bosox change their unies every year? Give me a break.

The Padres just need to build a hardball baseball tradition, the fans will come and, like the Rays, they may be sluggin’ in October from time to time.