Posted August 29, 2012 on AP on Fox
A group that includes the sons and nephews of former Dodgers owner Peter O'Malley has closed its $800 million deal to buy the San Diego Padres. The team scheduled a news conference for Wednesday morning to introduce the new owners. The sale was approved by major league owners on Aug. 16. The new ownership group includes O'Malley's sons, Kevin and Brian O'Malley, and nephews Peter and Tom Seidler. Golfer Phil Mickelson, a San Diegan, also is involved with the group. He won't be at the news conference, though, as he's en route to the Deutsche Bank Championship outside of Boston. The group bought the Padres from John Moores, the majority owner since 1994. The late Walter O'Malley bought the Brooklyn Dodgers in 1950 and moved them to Los Angeles before the 1958 season. Peter O'Malley eventually took over for his father and all told under the family's ownership, the Dodgers won six World Series and 13 NL championships before being sold in 1998. In comparison, the Padres have been...
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