Thursday, December 20, 2012

Phil Mickelson withdraws ownership stake in San Diego Padres

12/19/12, "Phil Mickelson Withdraws Ownership Stake in Baseball’s Padres," Bloomberg, Michael Buteau

"Professional golfer Phil Mickelson has withdrawn his ownership interest in Major League Baseball’s San Diego Padres, a spokesman for the golfer said.

Mickelson, 42, said yesterday that he wasn’t able to make a long-term commitment to the team, which was recently purchased for $800 million by a group including beer distributor Ron Fowler and the family of former Los Angeles Dodgers owner Peter O’Malley, the San Diego Union-Tribune reported.

T.R. Reinman, a spokesman for Mickelson, confirmed the report in an e-mail. He declined to comment on Mickelson’s reason for the decision. Mickelson, a San Diego resident who ranks ninth in U.S. PGA Tour history with 40 wins, was to hold a minority stake in the team."

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