Phil Had His Chance to Buy Into the Padres & Smartly Declines

Wei Under Par has a good take on the news that Phil Mickelson turned down an opportunity to buy into the ownership group of the San Diego Padres. Seeing as though the last time that they were relevant was when they got swept in 1998 in the World Series, that was a good idea.

But Steph has a ticklish point that builds off of the Press Blog entry also linked here. What if Phil DID buy into the Padres and then Tiger Woods did the same with Frank McCourt's Dodgers? Wouldn't Hal Sutton feel like an even bigger ass for pairing them together at the 2004 Ryder Cup?

6 months ago Ryan Ballengee 4 comments 0 recs |

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well – it was a business offer from the Padres ownership – “hey Phil – you have $10 million laying around you’re not using – toss it our way and you can be a non-voting board member…” (from the business plan commonly known as “there’s a sucker born every minute.”) :-D (j/k)

"this ball will fit in that fairway"

by courtgolf on Apr 22, 2009 9:05 AM EDT reply actions 0 recs

Yeah, to be a non-voting board member is a real dud of an option. No say!

by Ryan Ballengee on Apr 22, 2009 10:12 AM EDT reply actions 0 recs

This subject seems to have been

brought up several places where everyone seems shocked

I don’t get it. He declined…so what?

by AppleCub on Apr 22, 2009 9:33 PM EDT reply actions 0 recs

AC – what’s interesting is that the guys playing the games are making so much money that they are getting chances to get into ownership. It doesn’t happen all that often – but ownership usually goes to people with successful businesses who have money to invest while having enough to run their businesses.

"this ball will fit in that fairway"

by courtgolf on Apr 23, 2009 9:39 AM EDT up reply actions 0 recs

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