MLB Approves Padres Sale

[Pugz]

DENVER -- The O'Malleys are back in the baseball business.

Back in Southern California, too, just down the road in San Diego instead of Los Angeles.

In a quick vote Thursday, Major League Baseball owners approved the sale of the Padres to a group that includes Kevin and Brian O'Malley, the sons of former Dodgers owner Peter O'Malley.

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 owner John Moores for around $800 million. The final closing of the sale will be on or before Aug. 31.

Ron Fowler, a local businessman in San Diego, will become the executive chairman. The new ownership group also consists of Peter and Tom Seidler, the nephews of Peter O'Malley, along with golfer Phil Mickelson.

Read More:http://espn.go.com/mlb/story/_/id/8275078/major-league-baseball-owners-approve-sale-san-diego-padres