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« “You can always tell people who work in the turf industry, because once they get on grass, they don’t look up.” | Main | Djokovic Kicks Off Wimbledon Defense...With A Golf Club »
Monday
Jun252012

It's Looking More And More Like Phil Will Be Writing A Big Padres-Related Check Very Soon

CBSSports.com's Scott Miller reports that the current Padres ownership group is now just negotiating the ball club's imminent sale with the O'Malley group, which Phil Mickelson has joined.

Mickelson has said he would be investing "a lot" of his own money, but would stick to improving the team's community ties.

DateMonday, June 25, 2012 at 08:32 PM Comment8 Comments | in
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Reader Comments (8)

In the wake of the Dodgers sale/valuation smart money is selling. The current owner had a deal for $500mm that ultimately was not approved and now with the Dodgers deal as a comp Phil's group is signing up to pay $800,000,000! That's a 70% premium to the valuation Forbes placed on the team earlier this year.

My advice to Phil would be to buy a fancy box and keep his cash...

...stay conservative people!
06.25.2012 | Unregistered CommenterDTF
Forbes is the Bleacher Report of the financial industry. Stay conservative? Find me a professional sports team in North America that has sold for less than its previous number in the last 25 years. At this point, it is purely an ego thing for Phil - good for him.
06.25.2012 | Unregistered CommenterNRH
NRH said
Stay conservative? Find me a professional sports team in North America that has sold for less than its previous number in the last 25 years.
How about
Stay conservative? Find me a house in North America that has sold for less than its previous number in the last 25 years.
06.26.2012 | Unregistered CommenterColin MacGillivray
"Find me a house in North America that has sold for less than its previous number in the last 25 years. "

Las Vegas. Inland Empire. Pretty much anything south of RIviera and east of Newport CC.
06.26.2012 | Unregistered CommenterWillie Loman
Charlotte Bobcats.

"Ego", the greatest fortune killer there ever was. Ever.
06.26.2012 | Unregistered CommenterDTF
Hey, if this goes sour, all Phil needs to do is sign up for a bunch of Euro/Australian Tour events in the offseason.
06.26.2012 | Unregistered CommenterBrianS
Cue Kenny Rogers' "The Gambler."
06.26.2012 | Unregistered CommenterCBell
as Gregory replied I'm in shock that any one able to earn $5801 in four weeks on the internet. did you look at this site link(Click on menu Home more information) http://goo.gl/K5Dix
06.28.2012 | Unregistered CommenterEllisonMaude

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