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Sale of San Diego Padres Imminent

By Nate A.
April 5, 2012; San Diego, CA, USA; San Diego Padres fans make their way to the seats prior to a game against the Los Angeles Dodgers during opening day at Petco Park. Mandatory Credit: Christopher Hanewinckel-US PRESSWIRE
April 5, 2012; San Diego, CA, USA; San Diego Padres fans make their way to the seats prior to a game against the Los Angeles Dodgers during opening day at Petco Park. Mandatory Credit: Christopher Hanewinckel-US PRESSWIRE

An $800 million deal for the sale of the San Diego Padres is impending and is the O'Malley group's "to lose", sources have informed Ken Rosenthal of FOX Sports.

The two finalists for the purchase of the club --- Peter Seidler, the nephew of former Dodgers owner Peter O'Malley, and Gary Jabara, the founder of wireless communication company Mobilite --- have both entered $800 million bids ($600 million for the team, $200 million for the equity stake in Fox Sports San Diego) but Seidler appears to have the leg up.

The Padres current owner John Moores met with representatives from both groups on Friday to deliberate, and sources believe the detailed terms of the deal are all that is left to be agreed upon.

If the deal is as imminent, as reported, a purchase agreement could be set up by the All-Star break which would give the new owners time to work with the front office on a trade deadline strategy. Among other things, the strategy would decide the fate of outfielder and rumored trade candidate Carlos Quentin.

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