SD Padres sale complete
SAN DIEGO (CNS) – The sale of the Padres to heirs of the late-Dodgers owner Walter O’Malley, San Diego businessman Ron Fowler and pro golfer Phil Mickelson has been completed, the team announced today. The ownership group includes Peter O’Malley, his sons Kevin and Brian, and his nephews, Peter and Tom Seidler.
The $800 million sale by former owner John Moores was green-lighted nearly two weeks ago at the Major League Baseball owners meeting in Denver. The purchase included the Padres and minority stakes in Petco Park and the Fox Sports San Diego cable channel. A quarter of the sales price paid to Moores was up-front broadcast rights fees from FS San Diego, according to news reports.
“We are thankful to have completed the sale process and to now be able to turn our attention to the future,” said Fowler, who was appointed the team’s control person for dealings with the league. “We plan to create an organization and a team that San Diego fans can be proud to support, developing upon the foundation Tom Garfinkel, Josh Byrnes and others have built.”
For the first time, some of the other minority owners were identified, including Rick Barry, Glenn Doshay, Alexis Fowler, Patrick Graham, Alfredo Harp Helu, Harvey Jabara, Lee Ross and Wayne Seltzer.