/ / Beer Distributor Approved to Buy San Diego Padres

Beer Distributor Approved to Buy San Diego Padres

8/17/2012 12:00:00 AM

imageThe original story is here, and now comes word that the deal has been approved.  This from Reuters:

(Reuters) - A group headed by U.S. beer distributor Ron Fowler has won approval from Major League Baseball to buy the San Diego Padres, the team said on Thursday.

Fowler's group, which includes former Los Angeles Dodgers owner Peter O'Malley and golfer Phil Mickelson, will pay $800 million to owner John Moores and other partners, a source with knowledge of the deal told Reuters.

The team said it would make no further announcements until the deal closes, which is scheduled to occur by August 31.

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