$800M Padres Sale Proposed, Golfer Mickelson Among Buyers

Law360, New York (August 7, 2012, 4:29 PM EDT) -- The San Diego Padres baseball team is set to trade hands in a deal reportedly worth $800 million, giving the franchise local ownership under California beer distributor Ron Fowler, relatives of a former Los Angeles Dodgers owner and professional golfer Phil Mickelson.

A Padres representative confirmed the proposed sale Tuesday but said the team is not commenting on its details ahead of an Aug. 16 meeting where owners of the other 29 Major League Baseball teams will vote on the transaction. MLB rules stipulate that a...
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