Found July 06, 2012 on
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 golfer Phil Mickelson also will be an investor.
Commissioner Bud Selig, speaking to reporters on a conference call earlier this week, said he welcomed the return of the O'Malley family to baseball.
"San Diego fans and the club deserve a good ownership, great ownership, and assuming this deal goes through -- and it hasn't yet -- so we'll have to wait a little bit, but it's great," Selig said Monday.
"The O'Malley tradition is remarkable, going all the way back to Brooklyn and to Walter and on to Peter, and now you're getting the sons and the nephews involved. Plus the San Diego club's minority partners in the last deal were a very solid group and all San Diego people, which means a great deal to us, are all going to be involved."
Selig added, "It's a little premature for me to comment, but this is an excellent development for baseball to say the least."
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A fan at Friday’s Padres-Reds game at Petco Park in San Diego learned the hard way why you always have to keep your head in the game. Travis Decker was drilled in the chest by a Will Venable foul ball and admitted during an interview with FOX Sports San Diego that he wasn’t paying attention because he was busy posting to Facebook from his...
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Sometimes it’s better to just leave the phone at home.
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San Diego's Will Venable hit a foul ball far last night. All the way to section 221 of Qualcomm Stadium where Travis Decker was on his phone trying to post a facebook status. He got a nailed in the...
Full story at Bob's Blitz ~ http://www.bobsblitz.com
A fan was hit by a foul ball while sitting in his seat at Petco Park during Friday night's San Diego Padres game, and he later admitted he didn't see the ball coming because he was too busy using his cell phone to update his Facebook page.
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Travis Decker was sitting in the second deck when he was hit in the shoulder by a foul ball...
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Ken Rosenthal of Fox Sports reports that the O'Malley Group has been selected to purchase the San Diego Padres. The O'Malley Group will pay $800 million, including $200 million for a portion of the team’s equity stake in Fox Sports San Diego.
If everything goes according to plan (does anything ever go according to plan?), the new owners will take over in August.
Fox Sports.com National Baseball Writer Jon Paul Morosi joins Rob and Amy to discuss the sale of the San Diego Padres and the news involving the MLB All-Star Break next week.