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.
- Video: Rusney Castillo notches his first major league hit 1
- Michael Wacha cleared to return Saturday vs. Reds 0
- Marlins officially shut down Giancarlo Stanton for the season 5
- Umpire Joe West suspended for one game for his part in the Jonathan Papelbon incident 54
- And That Happened: Tuesday’s scores and highlights 83
- Jose Altuve breaks Craig Biggio’s franchise record, tallying his 211th hit of the season 12
- Orioles beat Blue Jays to clinch AL East title 38
- Tanner Roark dominates as Nationals clinch NL East 22
- Chris Davis suspended 25 games for amphetamine use (92)
- Giancarlo Stanton diagnosed with multiple facial fractures and dental damage (91)
- Bud Selig can’t remember the last domestic violence incident in Major League Baseball (88)
- A couple of initial thoughts on the Chris Davis suspension (83)
- And That Happened: Tuesday’s scores and highlights (83)