The Reason Mickelson bailed on Padres Ownership

Last year, Mickelson flirted with becoming a part-owner of the San Diego Padres franchise, which sold for $800 million in August. He was asked Sunday whether there was a correlation between the tax increases and what happened to the Padres' deal.

"Absolutely," Mickelson said.

 

In November of 2012 Prop 30 was passed in the State of California. It was one of the first tax rate hikes in years and it passed by over 10%. The people were lead to believe that it would all go towards education and mainly the upper class would be the one taking a hit.  Well rumor has it the schools are going to get shortchanged and fellow San Diegan Phil Mickelson is in that upper class and has been hit hard by it. So hard in fact, that it caused him to pass on the Padres ownership spot and a move out of California could be in the cards.

After being silent and given no explanation, it's interesting to hear the real reason why Mickelson bailed on the ownership spot. It also makes one wonder if the group was relying on Phil's money when they bought the team. He stated that he was going to be a significant contributor and would play a part in the day to day operations. Is that a reason for the non-existent Padres off-season? Le sigh....the life of a Padres fan.