Explaining Southern California's economy

So Ron Fowler isn't in on the Padres sale — yet

San Diego Padres v Colorado Rockies

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Starting pitcher Anthony Bass of the San Diego Padres delivers against the Colorado Rockies. The Padres are for sale, and business leader Ron Fowler says that contrary to reports, he isn't the main money man.

The U-T follows up a CBS Sports report from this week that brewing magnate is one of the key investors in a potential purchase of the San Diego Padres by Peter O'Malley, his family members, and a group that inlcudes pro golfer and San Diego native Phil Mickelson. 

Here's Bill Center:

...San Diego businessman Ron Fowler denied a report that he is "fronting" the O’Malley group for the purchase of the team.

“I have nothing to do with the negotiations between the O’Malleys and John Moores,” said Fowler. “If I have a role with the O’Malleys, it will be after the sale. We have talked, but there is nothing I have committed to.”

Fowler, who is CEO of Liquid Investments and a respected businessman and civic leader, is currently serving as the managing partner of the minority group that owns 49.32 percent of the Padres.

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San Diego Padres could be sold for $800 million by the All-Star break

San Diego Padres v Colorado Rockies

Doug Pensinger/Getty Images

Starting pitcher Anthony Bass of the San Diego Padres. The team could be nearing a sale for $800 million.

That's what being reported, anyway. CBS Sports says that current owner John Moores has entered an "exclusive negotiating window" to sell the team for about twice its current (depressed) value of $406 million — and a lot more than Moores paid to buy the team in 1994, and to start selling it in 2009.

The sticker price is rumored to be $800 million. If the sale — to a group led by the family of former Dodgers owner Peter O'Malley, brewing tycoon Ron Fowler, and other investors including pro golfer and San Diego native Phil Mickelson — goes through, it would make the Padres the third costliest Major League Baseball team acquisition, behind the Chicago Cubs $845 and of course the recent Dodgers sale of more than $2 billion.

It would also mean that the two other potential owners — communications mogul Gary Jabara; and private-equity titan Steve Kaplan of Los Angeles' Oaktree Capital — are out of the running. 

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