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O'Malley pushing to buy Padres

The Sports Xchange
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Former Dodgers owner Peter O'Malley is apparently among the people most interested in buying the Padres.

O'Malley, whose family owned the Los Angeles Dodgers from 1950 through 1998, has expressed interest in the Padres after being rejected in his attempts to regain ownership of the Dodgers, according to Fox Sports.

O'Malley, his son Kevin and nephew Tom Seidler are said to want to close a deal on the Padres by the All-Star break. Officially, the Padres will have no comment on the Fox report.

During his conference call earlier this month to announce he was again selling the Padres, majority owner John Moores said the Padres wouldn't respond to questions regarding the sale.

The O'Malleys failed in their efforts to buy the Dodgers when Guggenheim Baseball, with basketball great Magic Johnson serving as the front man, purchased the team recently for a record $2.15 billion. It was never announced what the O'Malleys were willing to pay for the Dodgers.

Peter O'Malley's father, Walter, bought the Brooklyn Dodgers in 1950 and is best remembered for moving the Dodgers to Los Angeles following the 1957 season. Walter O'Malley turned over the control of the Dodgers to Peter in 1970 although he retained the titles of owner and chairman of the Dodgers until his death in 1979.

The Dodgers went to Peter and his sister Therese O'Malley Seidler after Walter O'Malley's death and remained in the family until the club was sold to News Corp. in 1998.

Moores in 2009 entered an agreement to sell the Padres for $500 million on a lay-away plan to group led by former player agent Jeff Moorad. But when Moorad tried to complete the purchase in January, Major League Baseball balked at accepting his group as the owners.

Moorad has since resigned as CEO, and Moores remains the majority owner at 51 percent with Moorad's group still holding a 49 percent share. Tom Garfinkel has replaced Moorad as the Padres' interim CEO.

Copyright (C) 2012 The Sports Xchange. All Rights Reserved.

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