DENVER — Major League Baseball owners have approved the sale of the San Diego Padres to a group that includes the O’Malley family and pro golfer Phil Mickelson, The Associated Press reports, citing a person familiar with the negotiations.
The person spoke on the condition of anonymity because commissioner Bud Selig has yet to make an announcement. The owners were still in meetings at a downtown Denver hotel.
Under the deal, the group will buy the franchise from John Moores for around $800 million.
The new ownership group includes Kevin and Brian O’Malley, the sons of former Los Angeles Dodgers owner Peter O’Malley. Peter and Tom Seidler — the nephews of Peter O’Malley — also will be involved in the deal. Two of the four are expected to move to San Diego. Seidler is president of the Class A Visalia Rawhide.
Ron Fowler, chief executive of Liquid Investments, is set to become controlling owner.
The agreement came months after Jeff Moorad’s attempt to buy the team on a layaway plan collapsed. Moores’ deal with Moorad, who began his attempted purchase of the club in 2009, was valued at about $500 million. Moores’ divorce forced him to put the team on the market in 2009.
The price for this sale was inflated thanks to a deal with Fox and the recent sale of the Dodgers for $2 billion.
The Padres are 52-67 this season and sit in fourth place in the NL West.
Information from The Associated Press was used in this report.
Report: MLB owners approve sale of Padres
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