Major League Baseball approved the sale of the San Diego Padres from John Moores to the group led by the Seidler/O’Malley families and Ron Fowler during its quarterly meetings, today in Milwaukee, MLB Commissioner Selig announced today. Mr. Fowler will serve as the new ownership group’s control person. The involvement of the grandchildren of Walter O’Malley – as represented by the Seidler/O’Malley interests in the team - marks the return to Major League Baseball ownership for his family. Walter O’Malley owned the Dodgers in both Brooklyn and Los Angeles from 1950 to 1979 while his son Peter ran the club after till 1998 when the club was sold to New Corp.
“On behalf of Major League Baseball, I am pleased to congratulate Ron Fowler, the Seidler and O’Malley families and all of their partners as they become the new stewards of the San Diego Padres. 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.
“I appreciate all that John Moores has done for the City of San Diego and applaud his exceptional sense of personal philanthropy, which has benefited many worthy local causes since his purchase of the Club in 1994. I wish John and his family all the best.”
The sale has been reported to be $800 million with $200 million of that as upfront money Moores receives as part of the media rights deal with Fox Sports San Diego that that Padres brokered prior to the beginning of this season.
Maury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He writes for Baseball Prospectus and is a contributor to Forbes. He is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network (select his name in the dropdown provided).
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