The sale of the San Diego Padres is almost a done deal. All that’s left to do to complete the sale is for Major League Baseball to give its approval.
San Diego Padres Sold, Pending MLB Approval
Bill Hanstock is a writer, author and Emmy Award-winning producer. He began writing for SB Nation in 2011.
On Monday, Bill Center of the San Diego Union-Tribune reported that if everything goes well, the Padres will be sold to the O’Malley Group, which is headed up by heirs of the former owners of the Los Angeles Dodgers, San Diego businessman Ron Fowler and world-famous golfer Phil Mickelson. The team will reportedly sell for $800 million.
“Earlier today, our group signed the purchase agreement,” said Peter Seidler, the spokesman for the new Padres owners. “The acquisition is subject to the approval of Major League Baseball and the major league clubs.
”Assuming we receive approval, there will be a prompt, efficient and smooth transition. For decades the Padres have been an exciting and entertaining part of San Diego.
“We will field exciting and winning teams. We will reserve further comment until the proper time.”
The soonest the sale could be approved by the MLB is Aug. 16, when team owners meet in Denver.
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