Aug 16, 2012, 11:05 AM EDT
According to Barry M. Bloom of MLB.com, MLB owners have approved the sale of the Padres to an investment group headed by San Diego businessman Ron Fowler. The sale was put to a vote today at MLB’s quarterly ownership meetings.
The sale price of the club ended up being $800 million, which includes a stake in the club’s television deal with FOX Sports San Diego. The new ownership group also includes former Dodgers owner Peter O’Malley, his sons Brian and Kevin, nephews Peter Seidler and Tom Seidler, and pro golfer Phil Mickelson.
Outgoing owner John Moores originally purchased his majority stake in the Padres in December of 1994 for $94 million. Today’s transfer of ownership comes after Jeff Moorad’s attempt to purchase the team for around $500 million fell apart earlier this year.
- Lucas Duda’s last eight hits have been home runs 7
- Report: Larry Lucchino stepping down as president and CEO of the Red Sox 22
- Clayton Kershaw blanks the Angels over eight innings, runs consecutive scoreless innings streak to 37 13
- Clayton Kershaw and Mike Trout make MLB history in Saturday’s matchup 12
- Matt Williams on Bryce Harper’s ejection: “He needs to stay in the baseball game” 38
- UPDATE: C.J. Wilson needs elbow surgery and will likely miss the rest of the season 12
- Settling the Score: Friday’s results 43
- The benches cleared in Friday’s Giants-Rangers game 186
- The benches cleared in Friday’s Giants-Rangers game (187)
- Blue Jays acquire David Price from the Tigers (112)
- Rangers land ace left-hander Cole Hamels from Phillies (106)
- Royals make another big move, get Ben Zobrist from A’s (95)
- Report: Rockies trade Troy Tulowitzki to Blue Jays for Jose Reyes and prospects (92)