Major League Baseball has formally approved the $800 million sale of the San Diego Padres to a group that includes Phil Mickelson and is led by the family of former Los Angeles Dodgers owner Peter O’Malley. The sale was completed after the other 29 teams gave it the thumbs' up at an owners meeting in Denver on Thursday.
As we mentioned in this blog on the Monday of the PGA Championship, the O’Malley-Mickelson group had finalized its negotiations for the team with previous owner John Moores and MLB approval was expected to happen soon. Their group was one of five trying to buy the Padres.
More on Mickelson and the Padres:--Mickelson teams with O'Malley group in effort to buy Padres