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New Padres' Owners Include Golf Star
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.
Commissioner Bud Selig announced the endorsement Thursday following owners meetings in Denver. Under the deal, the group will buy the franchise from John Moores for around $800 million.
Ron Fowler will become the controlling owner.
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.
The agreement comes months after Jeff Moorad's attempt to buy the team on a layaway plan collapsed.
The final closing of the sale will be on or before August 31.