Three groups in the final running to buy the Padres for $800 million

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Bill Shaikin of the Los Angeles Times reports that there are three parties left in the running to buy the Padres:

  • Gary Jabara, the founder of a Newport Beach wireless communications company;
  • Steve Kaplan, principal at Oaktree Capital in Los Angeles; and
  • Peter O’Malley, former owner of the Dodgers.

More so than the owners’ identities, however, I am interested in the reported sales price: $800 million. Arte Moreno bought the Angels for $180 million ten years ago. The Cubs more recently sold for around $800 million.  Now the Padres, a less-successful franchise with a smaller fan base in a smaller town than either of those two teams is about to be sold for that amount the Cubs went for.

The mind kind of reels, no?