Padres Reportedly Selling For $800 Million

Former Los Angeles Dodgers owner Peter O'Malley is leading an investment group that's in the middle of negotiations with Padres owner John Moores. O'Malley's group was given an exclusive negotiating window, and according to Ken Rosenthal, they used it well:

The television rights are no small thing, as the Padres are one of the latest teams to swing a big television deal, which is one of the reasons why the sale price is reportedly twice the Forbes estimate from just a couple months ago.

The deal isn't official, as the San Diego Union-Tribune cautions:

But, heck, throw a little caution to the wind and assume it's true. Rosenthal wouldn't make this stuff up. He's good!

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