facebook
twitter
rss
account
search
search
 

San Diego Padres sale approved

Aug. 16, 2012 at 2:50 PM   |   Comments

DENVER, Aug. 16 (UPI) -- The sale of the San Diego Padres to a local group headed by Ron Fowler won approval Thursday from the other owners of Major League Baseball teams.

Fowler agreed to buy the team from John Moores earlier this month for $800 million. The Fowler group will be the fifth to own the team since the franchise was granted in 1969. Moores bought the team in 1994 for about $70 million.

The Fowler-led group buying the Padres includes professional golfer Phil Mickelson and members of the O'Malley family, who used to own the Los Agneles Dodgers. Fowler is the chief executive officer of Liquid Investment, a beer distributor in San Diego.

"With significant local representation and extensive baseball experience, this group understands the Padres' binding role in the community, and I believe that its collective long-term vision and passion will serve the fans of San Diego well in the years ahead," baseball Commission Bud Selig said in announcing the sale approval during an owners' meeting in Denver.

A release from MLB said the other owners approved the sale unanimously.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
Yankees host White Sox trying to stay in playoff hunt
2
Tim Shaw reveals he has ALS in Ice Bucket Challenge video
3
Mariners turn to King Felix, resume road trip in Boston
4
Royals try to bounce back in Arlington
5
Extra Points: Tomlin should have taken a stand
Trending News
Video
x
Feedback