11:42 PM ET
SAN DIEGO — Ron Fowler has stepped down as executive chairman of the San Diego Padres and lead investor Peter Seidler has been approved by fellow Major League Baseball owners to take over control of the team as chairman.
Fowler will remain with the club in an advisory role and will continue to sit on MLB’s Labor Policy Committee.
Seidler, the lead investor in the group that bought the Padres in 2012, will be accountable to MLB for the operation of the team and following the rules.
Seidler, 60, previously held the title of general partner. He is a grandson of Walter O’Malley, who moved the Dodgers from Brooklyn to Los Angeles, and a nephew of Peter O’Malley, who owned the Dodgers until 1998.
Fowler had been a minority owner of the Padres when they were sold to Seidler’s group in 2012.
“Peter looked at it as a legacy investment for his family; I looked at it as more I wanted to get the Padres to where they needed to get to,” said Fowler, a longtime San Diego businessman who made a fortune from his beer distributorship. “We knew this was going