Peter O'Malley Agrees To Buy Padres For $800M
A group headed by former Dodgers owner Peter O'Malley has reached agreement to buy the Padres from John Moores.
The purchase price is believed to be around $800 million.
The group of investors includes pro golfer Phil Mickelson.
"An agreement has been confirmed but is not yet finalized. It has to be voted on," Padres senior vice president, public affairs Sarah Farnsworth said.
Major League Baseball owners, who are scheduled to meet later this month, must approve the agreement.