Major League Baseball owners approved the transfer of the San Diego Padres franchise on Thursday from John Moores to a group headed by longtime San Diego businessman Ron Fowler, according to a report on MLB.com.
The official transfer is expected to be complete in the next two weeks when the $800 million deal is completed.
Moores had owned the team for 18 years. “It was more emotional than I thought it would be. I was on the phone afterward and I couldn’t keep my voice from cracking.”
The new group of owners, which includes pro golfer Phil Mickelson, is the fifth different group since the Padres were founded in 1969.
Fowler, 68, is the CEO of Liquid Investments, a San Diego beer distributorship.
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