The San Diego Padres will be sold to a group including former Los Angeles Dodger owner Peter O’Malley, his two sons, two nephews and native San Diego golf star Phil Mickelson, Fox Sports reported Friday night, based on a source
described as having knowledge of the negotiations.
The deal is valued at $800 million, including $200 million for a portion of the team’s equity stake in Fox Sports San Diego, according to Fox Sports.
Contractual terms are expected to be completed within the next two weeks, Fox Sports reported.
The group includes O’Malley’s sons Kevin and Brian, nephews Peter and Tom Seidler and Ron Fowler, chief executive of Liquid Investments, according to
The sale by John Moore would require the approval of Major League Baseball.
Moores bought the Padres 17 years ago for about $70 million.
The O’Malley family owned the Dodgers from 1950, when they were located in Brooklyn, to 1998.
There was no immediate response from representatives of the Padres and O’Malley seeking comment.
Sunday Slated for Salute to Marines at Cincy Game
Meanwhile, Sunday will be Marine Corps Appreciation Day at Petco Park when the Padres take on the Cincinnati Reds.
A pregame ceremony will include a celebration of the centennial of Marine Corps aviation with 100 Marines from Air Station Miramar and the 11th Marine Expeditionary Unit, which just returned from a seven-month deployment.
Marine athletes from Wounded Warrior Battalion West who competed in the 2012 Warrior Games will be recognized for their achievements, along with their coaches and families. Cpl. Nick Kimmel of Wounded Warrior Battalion West will throw out a ceremonial first pitch.
The national anthem will be performed by the Marine Band San Diego. The ceremony will conclude with a flyover of aircraft from Air Station Miramar.
—City News Service