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.
Most Popular
Former Titans kicker dies in car crash Former Titans kicker dies in car crash
UPI Sports Schedule for Sunday, September 21
NCAA Game Summary - Miami-Ohio vs. Cincinnati
UPI Sports Results for September 20, 2014 UPI Sports Results for September 20, 2014
NCAA Game Summary - Miami-Florida at Nebraska
Trending News