MLB owners approve sale of Padres - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

MLB owners approve sale of Padres

Posted: Updated:

DENVER (AP) — 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.

Copyright 2012 The Associated Press.

This is a breaking news alert. The previous story is below.

SAN DIEGO (CNS) - Major League Baseball owners could vote Thursday on the proposed sale of the San Diego Padres.

If the $800 million deal is given the green light by 22 of the 30 owners, control of the Padres would switch from John Moores to members of the O'Malley family, which is well-liked in baseball circles for its former ownership of the Los Angeles Dodgers.

The vote would come at the conclusion of two days of meetings that began Wednesday in Denver. Baseball officials generally don't announce their actions until the end of their gathering.

However, veteran baseball reporter and mlb.com writer Barry Bloom reported that a presentation on the deal "sailed" through an ownership committee meeting, and that Commissioner Bud Selig confirmed a vote would take place Thursday.

This is Moores' second attempt to unload the team this year. Jeff Moorad, who led a group that agreed to buy the franchise in installments beginning in 2009, dropped his bid in the face of opposition by owners to his taking majority control.

The prospective new owners include ex-Dodger owner Peter O'Malley, his sons Kevin and Brian, nephews Peter Seidler and Tom Seidler, and golf star Phil Mickelson, who grew up in San Diego as a Padres fan. Several minority owners, including local businessman Ron Fowler, are also involved.

The purchase would include the Padres and minority stakes in Petco Park and the Fox Sports San Diego cable channel. One-fourth of the sales price being paid to Moores is upfront broadcast rights fees from FS San Diego, according to news reports.

Kevin O'Malley and Tom Seidler, who own the minor league Visalia Rawhide -- a single-A affiliate of the Arizona Diamondbacks -- are expected to run the day-to-day operations of the Padres if the sale is approved, U-T San Diego reported last week.

  • SportsMore>>

  • Ultimate Pigskin Picks

    Ultimate Pigskin Picks

    CBS 8 invite you to play along with other San Diego football fans each week and pick the winners!  See how you do against News 8's Sports Director, Kyle Kraska and win weekly prizes!

     

    CBS 8 invite you to play along with other San Diego football fans each week and pick the winners!  See how you do against News 8's Sports Director, Kyle Kraska and win weekly prizes!

     
  • Payton: Obvious missed call cost Saints a Super Bowl berth

    Payton: Obvious missed call cost Saints a Super Bowl berth

    Sunday, January 20 2019 8:23 PM EST2019-01-21 01:23:32 GMT
    Monday, January 21 2019 5:34 AM EST2019-01-21 10:34:08 GMT
    Saints coach Sean Payton says NFL executives expressed disbelief and regret that no defensive penalty was called on an incomplete pass that denied the Saints a chance to run the clock down before setting up a... 
    Saints coach Sean Payton says NFL executives expressed disbelief and regret that no defensive penalty was called on an incomplete pass that denied the Saints a chance to run the clock down before setting up a go-ahead field goal. 
  • Adam Long wins Desert Classic for first PGA Tour title

    Adam Long wins Desert Classic for first PGA Tour title

    Sunday, January 20 2019 7:04 PM EST2019-01-21 00:04:09 GMT
    Monday, January 21 2019 5:33 AM EST2019-01-21 10:33:55 GMT
    Adam Long made a 14-foot birdie putt on the final hole to win the Desert Classic for his first PGA Tour title. 
    Adam Long made a 14-foot birdie putt on the final hole to win the Desert Classic for his first PGA Tour title. 
Powered by Frankly
All content © Copyright 2000 - 2018 KFMB-TV. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.