Originally written July 06, 2012 on Fox Sports:
The O'Malley family is getting back into baseball. San Diego Padres owner John Moores has selected a group including former Dodgers owner Peter O'Malley, two of his sons and two of his nephews to purchase the club, according to a source with knowledge of the negotiations. The deal -- valued at $800 million, including $200 million for a portion of the team's equity stake in Fox Sports San Diego -- is pending approval by baseball and completion of contractual terms within the next two weeks, the source said. If all goes according to plan, the group will receive approval at the owners' meetings in August and close the deal simultaneously, according to the source. Ron Fowler, a civic leader in San Diego and chief executive of Liquid Investments, will be the point man for the group at the request of O'Malley's nephew, Peter Seidler. Seidler and his brother Tom will be members of the group, along with O'Malley's sons, Kevin and Brian. Professional golf...
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