TSN TV Schedule TSN2 TV Schedule
MLB

O'Malley group closes deal to buy Padres for $800M

{eot}
Associated Press
8/28/2012 11:21:14 PM
Decrease Text SizeIncrease Text Size
Text Size

SAN DIEGO -- A group that includes the sons and nephews of former Dodgers owner Peter O'Malley has closed its $800 million deal to buy the San Diego Padres.

The team scheduled a news conference for Wednesday morning to introduce the new owners.

The sale was approved by major league owners on Aug. 16.

The new ownership group includes O'Malley's sons, Kevin and Brian O'Malley, and nephews Peter and Tom Seidler.

Golfer Phil Mickelson, a San Diegan, also is involved with the group. He won't be at the news conference, though, as he's en route to the Deutsche Bank Championship outside of Boston.

The group bought the Padres from John Moores, the majority owner since 1994.

The late Walter O'Malley bought the Brooklyn Dodgers in 1950 and moved them to Los Angeles before the 1958 season.

Peter O'Malley eventually took over for his father and all told under the family's ownership, the Dodgers won six World Series and 13 NL championships before being sold in 1998.

In comparison, the Padres have been to two World Series, losing in 1984 and 1998.

Ron Fowler, a local businessman, will become the executive chairman. Fowler had been a minority owner in the previous regime that ran the club, headed by Jeff Moorad. Moorad's attempt to buy the club on a layaway plan fell apart earlier this year, causing Moores to put the Padres back on the market.

The Padres have been back to the playoffs only twice since losing the 1998 World Series, and have won just one playoff game, in 2006.

San Diego entered Tuesday night's game against Atlanta on a season-high eight-game winning streak. Still, it was in fourth place in the NL West, 12 games behind the San Francisco Giants.

San Diego Padres (Photo: MLB)

zoom

(Photo: MLB)
Share This

Share This

Add to FacebookAdd to DiggAdd to FarkAdd to TwitterAdd to Stumble UponAdd to Reddit
Print this Story



  • [1] Felix Hernandez, SP, Seattle Mariners
  • [2] Mike Trout, CF, L.A. Angels of Anaheim
  • [3] Andrew McCutchen, CF, Pittsburgh
  • Top 200 - updated July 29
Baseball Canada

Keep up with the latest on Canada's national programs from the governing body for amateur baseball in Canada.


Baseball Canada Website

Podcasts

TSN 1050: Blue Lunch: July 9 - John McDonald

LA Angels infielder, John McDonald joined Blue Lunch to discuss his career from the time he left Toronto to the present.

TSN 1050: Late Night Game Night: Scott MacArthur - June 3rd

TSN 1050 Blue Jays Analyst Scott MacArthur joined Gareth Wheeler to recap the Blue Jays 5-3 win over the Detroit Tigers along with more Jays talk.

TSN 1050: The Baseball Podcast: May 28 - Episode 6

Scott MacArthur's sixth episode of The Baseball Podcast.


More Podcasts

© 2014
All rights reserved.
Bell Media Television