Mickelson group finalizes Padres purchase
Phil Mickelson could be excused if he was a little distracted on Monday at the PGA Championship -- his group's purchase of the San Diego Padres was finalized on Monday night. All that's left now is formal approval by the other Major League Baseball owners, which could come as soon as an owners' meeting on Aug. 16.
Mickelson joined a group headed by the O'Malley family -- the longtime owners of the Los Angeles Dodgers -- and San Diego businessman Ron Fowler in May. Their group was one of five trying to buy the Padres from owner John Moores, and they later were selected as the winning group. Mickelson and his partners will pay about $800 million for the team, but there has been no word on how much Mickelson is kicking in or how large a piece of the ownership he will receive.
Asked about his proposed investment in May, Mickelson said only that it would be "a lot," and that it would be a "significant investment opportunity."
As for his role with the team?
"Day-to-day operations, running a sports organization, that's not my forte," Mickelson said. "I want to have a personal relationship with the players and find ways to get them tied to the community, things of that nature."
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