Baseball

Winnipeg Free Press - PRINT EDITION

MLB makes Mickelson, Padres official

By: Staff Writer

Posted: 08/17/2012 1:00 AM | Comments: 0

DENVER -- Major League Baseball owners approved the sale of the San Diego Padres on Thursday to a group that includes the O'Malley family and pro golfer Phil Mickelson.

Commissioner Bud Selig announced the endorsement after the conclusion of the owners meetings in Denver.

Under the deal, the group will buy the franchise from John Moores for around $800 million. The final closing of the sale will be on or before Aug. 31.

The new ownership group includes Kevin and Brian O'Malley, the sons of former Los Angeles Dodgers owner Peter O'Malley. Peter and Tom Seidler -- the nephews of Peter O'Malley -- also will be involved in the deal.

"This group knows what it takes to compete," Selig said. "They're very optimistic. I'm optimistic. I've gone over their projections, gone over everything. I think their projections are optimistic, but realistic. This is a good day for baseball.

"I think Padres fans have a right to be very happy today -- very happy."

Ron Fowler, chief executive of Liquid Investments, is set to become controlling owner and executive chairman, Peter Seidler said. He also gave a vote of confidence to CEO Tom Garfinkel and general manager Josh Byrnes.

As for what name this new ownership group may operate under, Seidler smiled and said, "The Padres."

No, really.

"Really, the 'Padres Group,' " he said. "We want the attention and spotlight to be on a great product on the field."

-- The Associated Press

Republished from the Winnipeg Free Press print edition August 17, 2012 $sourceSection0

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