O’Malley group buys San Diego
SAN DIEGO (AP) — A group headed by former Los Angeles Dodgers owner Peter O’Malley and including pro golfer Phil Mickelson reached agreement Monday to buy the San Diego Padres from John Moores.
The purchase price is believed to be around $800 million.
O’Malley is the son of Walter O’Malley, who bought the Brooklyn Dodgers in 1950 and moved them to Los Angeles before the 1958 season.
“An agreement has been confirmed but is not yet finalized. It has to be voted on,” Padres senior vice president, public affairs Sarah Farnsworth said after San Diego beat the Chicago Cubs 2-0 Monday night.
Major League Baseball owners must approve the agreement. They are scheduled to meet later this month.
U-T San Diego first reported Monday night that a purchase agreement had been signed.