A group that includes former Dodgers owner Peter O'Malley and pro golfer Phil Mickelson reached agreement late Monday to buy the 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, the Associated Press reported.
O'Malley is the son of Walter O'Malley, who bought the Brooklyn Dodgers in 1950 and moved them to Los Angeles before the 1958 season.
"An agreement has been confirmed but is not yet finalized. It has to be voted on," Padres senior vice president, public affairs Sarah Farnsworth said.
U-T San Diego first reported Monday night that a purchase agreement had been signed.
The purchase price apparently includes the $200 million in upfront money the Padres received from Fox Sports San Diego in a $1.2 billion, 30-year TV deal.
The agreement came months after Jeff Moorad's attempt to buy the team on a layaway plan fell apart. Moores' deal with Moorad was valued at about $500 million.
BONDS AT PEACE: In an interview with MLB.com, home run king Barry Bonds said he believes he belongs in the Hall of Fame — "without a doubt" — but won't worry if he isn't voted in.
"If you want to keep me out, that's your business," Bonds said. "My things are here in San Francisco. These are the people who love me. This is where I feel I belong. This is where I want to belong. If (the voters) want to put me in there, so be it, fine. If they don't, so be it, fine."
Bonds will be on the ballot for the first time this year along with two other players connected to performance-enhancing drugs, OF Sammy Sosa and RHP Roger Clemens.
OSWALT, MANAGER CHAT: Rangers manager Ron Washington said he talked with Roy Oswalt about the right-hander's decision not to pitch a third inning Sunday, and the two have cleared up any differences.
BLUE JAYS: RF Jose Bautista, out since July 16 with what was called an inflamed tendon in his left wrist, continues to have pain and plans to have another MRI exam this week because of continued pain. … RHPs Drew Hutchison and Dustin McGowan are scheduled to have surgery Thursday. The rookie Hutchison, 21, will have elbow reconstructive surgery, and McGowan, 30, is scheduled to have arthroscopic surgery to evaluate the right shoulder joint.
CUBS: Former Rays RHP Matt Garza went on the disabled list with a stress reaction in his right elbow and is out indefinitely.
D'BACKS: Backup C Henry Blanco is scheduled for surgery today to repair a torn ligament in his left thumb and could miss the rest of the season.
GIANTS: 3B Pablo Sandoval, out since July 25 with a hamstring strain, is tentatively scheduled to play rehab games Friday and Saturday at Class A San Jose and could be activated from the disabled list Sunday.
MARLINS: Giancarlo Stanton, who had arthroscopic right knee surgery July 8, was activated from the disabled list. INF Donnie Murphy went on the DL with a strained left hamstring.
METS: Jason Bay, who is batting .154 in 40 games, will no longer be the everyday leftfielder, manager Terry Collins said.
REDS: Hall of Fame SS Barry Larkin's No. 11 will be retired in a pregame ceremony Aug. 25.
RED SOX: DH David Ortiz, who has been out since July 16, received a pain-killing injection in his injured right Achilles' tendon and hopes to return to the lineup Thursday.
WHITE SOX: RHP Philip Humber, who has a 7.21 ERA in 14 starts since pitching a perfect game on April 21, was sent to the bullpen. … 3B Kevin Youkilis was scratched because of a sore right knee.