Source: Sale of Padres is imminent

[Matt]

San Diego Padres is imminent, and the franchise is the O’Malley group’s “to lose,” according to a source with knowledge of the sale process.

Padres owner John Moores met on Friday with Peter Seidler, the nephew of former Los Angeles Dodgersowner Peter O’Malley, and earlier this week with Gary Jabara, another of the bidders, the source said.
Both parties have entered bids of $800 million — $600 million for the team and $200 million for a portion of the team’s equity stake in FOX Sports San Diego
The terms of the deal are the only remaining issue, the source said.
“From what I’ve heard, it is O’Malley’s and Seidler’s to lose,” the source said. “Moores apparently also likes Jabara a lot and thinks he would be an outstanding owner as well, but the devil is in the details.”

http://msn.foxsports.com/mlb/story/s...million-062212

[Guest]

Maybe they will actually spend money and allow them to keep their players and compete once again.

[Goober]

Maybe they will actually spend money and allow them to keep their players and compete once again.

I think they almost have to with that kind of purchase price.

[Guest]

I think they almost have to with that kind of purchase price.

Unless they've burned it all up trying to buy the team and just plan to keep a smaller-market payroll.