It was a formality after the group headed by former Dodgers owner Peter O’Malley signed a purchase agreement to buy the San Diego Padres for a reported $800 million, but the sale would not be made official until Major League Baseball owners gave their stamp of approval.
MLB Owners Approve San Diego Padres Sale
Thursday, that stamp arrived at an owners meeting in Denver:
As expected, Fowler-O’Malley purchase of
#Padres approved by MLB owners. Group enters owners meeting to customary applause for new owners— Eric Fisher (@EricFisherSBJ) August 16, 2012
The group purchasing the team, in addition to O’Malley, includes San Diego businessman Ron Fowler and professional golfer Phil Mickelson. The sale price is the third-largest ever for a Major League team, after the $2.1 billion recently paid by the Guggenheim Group for the Los Angeles Dodgers, and the $845 million price paid by the Ricketts family for the Chicago Cubs in 2009.
For more on the Padres, please visit Gaslamp Ball.
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