The San Diego Padres may be sold by the end of this week to a group that includes golfer Phil Mickelson and relatives of former Los Angeles Dodgers owner Peter O’Malley, the San Diego Union-Tribune reported.
Padres owner John Moores is negotiating with one potential buyer group, which also includes San Diego businessman Ron Fowler, the newspaper said, citing a person familiar with the situation who requested anonymity.
The sale price may be about $800 million, which includes $200 million that Fox Sports San Diego paid in its $1.2 billion deal to televise the Major League Baseball team for 20 seasons, the Union-Tribune said.
The purchase of the Padres could go before MLB owners for approval at their quarterly meeting in August if the deal is completed soon, the newspaper said.
To contact the reporter on this story: Nancy Kercheval in Washington at firstname.lastname@example.org
To contact the editor responsible for this story: Michael Sillup at email@example.com