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Padres sale agreement in place

Updated: August 7, 2012, 9:45 PM ET
Associated Press

A group that includes former Los Angeles Dodgers owner Peter O'Malley and pro golfer Phil Mickelson reached agreement Monday to buy the San Diego Padres from John Moores in a deal believed to be around $800 million.

Ron Fowler, chief executive of Liquid Investments, would become controlling owner if the agreement is approved by baseball owners and finalized, a baseball official said Tuesday. The official spoke on condition of anonymity because that part of the deal was not announced.

O'Malley ...

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