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



Canadians in MLB

Canadians in the Majors

Take a look at the early-season results from all of Canada's Major League representatives. More...

The Boys of Summer

MLB Preview 2014

It's time for another season of Major League Baseball. Get primed for 2014 with previews for all 30 teams including Scott MacArthur's look at what to expect from the Toronto Blue Jays.


American League: East | Central | West
National League: East | Central | West
Toronto Blue Jays

Free Agency: American League | National League

Podcasts

TSN 1050: The Bryan Hayes Show: April 18 - Scott MacArthur

TSN 1050 Blue Jays Reporter Scott MacArthur discussed the embarrassing loss that the Blue Jays experienced against the Twins.

TSN 690 - Melnick in the Afternoon - Orlando Cabrera - April 10th

Mitch, Rod and Gallo welcome former Montreal Expo shortstop and 2004 World Series Champion Orlando Cabrera to the show.

TSN: Blue Jays Report with Scott MacArthur: April 9 - Opening Edition

In the Opening Edition of the Podcast, Scott MacArthur, Richard Griffin (Toronto Star) and Gregor Chisholm (MLB.com) discuss Toronto Blue Jays.


More Podcasts

© 2014
All rights reserved.
Bell Media Television