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In a move that had been expected for some time, a group led by former Los Angeles Dodgers owner Peter O’Malley has agreed to purchase the San Diego Padres from John Moores for approximately $800 million. Thu purchase price includes 100% of the team, Petco Park, and a 21% stake in the regional sports network FS San Diego. Since then, the Dodgers’ $2 billion sale boosted the market value of all MLB franchises and netted Moores an extra $300 million.
