An ownership group comprised of the Seidler/O'Malley families and Ron Fowler completed their $800 million purchase of the San Diego Padres from John Moores on Wednesday.
Fowler will act as the control person under the new regime, along with Peter O'Malley's sons, Kevin and Brian O'Malley, and his nephews, Peter and Tom Seidler. Tom Garfinkel has been named president and chief executive officer, while Josh Byrnes will stay on as executive vice president and general manager.
"We are thankful to have completed the sale process and to now be able to turn our attention to the future," Fowler said in a statement. "We plan to create an organization and a team that San Diego fans can be proud to support, developing upon the foundation Tom Garfinkel, Josh Byrnes and others have built.
"On behalf of my family, I want to thank Padres fans for the warm welcome we have already received in San Diego," Peter Seidler said in a statement. "The Padres are a community treasure and we will work hard to earn the trust and respect of loyal Padres fans."