PGA Tour player Phil Mickelson has changed his mind about joining the ownership group of his hometown San Diego Padres, saying Tuesday that he is no longer interested.
In October, Mickelson said he was excited about the opportunity to join the Padres' ownership group. He was to hold a minority stake in the team as part of an $800 million sale.
"I think to be involved with the Padres you have to be fully committed to the long term," Mickelson said during an appearance at Torrey Pines to announce plans for a renovation to the North Course, according to the San Diego Union-Tribune.
"I've been born and raised here, but at this moment I'm not able to make that kind of long-term commitment to the city and to the team."
Mickelson said he informed the ownership group of his decision within the past six weeks but did not eloborate on any other variables that entered into his decision.