Aug 6, 2012, 11:21 PM EDT
Sure, it’s only 40 percent of what the Dodgers sold for, but $800 million isn’t bad.
The Padres sale to Peter O’Malley’s group was completed Monday, pending league approval that could come during the Aug. 16 owners meetings.
O’Malley is settling for the Padres after coming up short in his attempt to re-buy the Dodgers earlier this year. Among his investors is golfer Phil Mickelson, but it’s expected to be primarily a family-run team by Peter, his sons Kevin and Brian O’Malley and his nephews Peter and Tom Seidley.
Approval of the sale figures to go down without a hitch, as commissioner Bud Selig publicly endorsed the bid last month. Of course, the Padres’ first sale to agent Jeff Moorad didn’t go so smoothly. It proved to be a boon for current owner John Moores, though, as the new sale price is much higher than the previous $500 million figure.
- MLB to test new pace-of-play rules in the Arizona Fall League — including a pitch clock 26
- Playoff Reset: The National League Wild Card Game 13
- Video: Salvador Perez walks off Royals in Wild Card Game 3
- Small ball prevails … in a 9-8 game 25
- Royals complete thrilling comeback to defeat A’s in the American League Wild Card Game 65
- Josh Hamilton declares himself ready for the ALDS 3
- Wild Card Game: A’s vs. Royals lineups 14
- Pouliot’s 2014 National League awards picks 25
- Hunter Pence dropped a bunch of F-bombs in his postgame speech. Good. (116)
- Barry Bonds discovered to be “glassing” — it’s just as bad as you think (90)
- Derek Jeter’s final game in Yankee Stadium could be cancelled because of rain (85)
- And That Happened: Sunday’s scores and highlights (85)
- Previewing the 2014 Playoffs (80)