Beer Distributor, O'Malley Buying Padres for $800M

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Aug. 7 (Bloomberg) -- Bloomberg's Dominic Chu reports that San Diego Padres owner John Moores has signed an agreement to sell the team to a group headed by California beer distributor owner Ron Fowler that includes the family of former Los Angeles Dodgers owner Peter O’Malley and golfer Phil Mickelson. The purchase price of $800 million would include a 21 percent stake in the regional sports network Fox Sports San Diego. He speaks on Bloomberg Television's "In The Loop."

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