Peter O'Malley (born December 12, 1937 in Brooklyn, New York) was the owner (1979–1998) and president (1970–1998) of the Los Angeles Dodgers of Major League Baseball, and is the current owner of the San Diego Padres. Typed Letter Signed, 10/20/1978 - 7 x 10 1/2 Folio: signed in blue ink as owner of the Los Angeles Doggers; a four-fold with crisp typesetting and no appearnce of aging seen. Overall, very fine/extra fine condition.
In 1962, Peter was named the director of Dodgertown, the team's spring training headquarters located in Vero Beach, Florida. In 1965, he became general manager of the minor league Spokane Indians of the Pacific Coast League, where many future Dodger stars and coaches were on the roster.
He subsequently moved to the major league club as director of stadium operations and then executive vice president. Peter took over the presidency of the Dodgers from his father in 1970, and became owner when his father died in 1979. On March 19, 1998, Rupert Murdoch and News Corporation acquired the team for what was alternately reported as $311 million or $350 million. This was the highest price ever paid for a US sports franchise at the time.
Peter O'Malley relinquished the club presidency to become chairman and CEO; he resigned those posts at the end of the 1998 baseball season. Murdoch appointed NewsCorp subsidiary’s Fox Television executives to oversee the Dodgers, with mixed results.
The sale was reported as an estate and tax planning move for the O'Malley family, as Terry had ten children and Peter three. None had immediately emerged as a candidate to succeed Peter, and he acknowledged that the new economics of the game had dictated that the days of family baseball ownership, without support of a separate corporation, were largely over. NewsCorp sold the Dodgers in 2004 for $430 million to Frank McCourt, a Boston developer.
In 1996, after earlier consideration and partly owing to a request by Los Angeles city authorities, Peter O'Malley met with NFL officials to discuss the possible construction of a football-only stadium on Dodger-owned property surrounding Dodger Stadium. His plan offered solutions to a number of problems faced by the NFL in locating a team in Los Angeles, following the departure of both the Rams and the Raiders. First, it provided for scarce, centrally-located land. Second, the proposal came attached to highly regarded, established sports franchise management via the O'Malley involvement. Third, like Dodger Stadium, the new facility would be privately financed, and thus not entangled in lengthy municipal funding debates. Fourth, the plan called for alignment with an expansion team, meaning that no existing franchise would have to be moved.
Published reports indicated that O’Malley spent upwards of $1 million on an initial round of architectural renderings, land use studies and environmental impact research, and quickly garnered substantial support among NFL owners who would have to vote their approval.
As meetings continued over the next year, O'Malley received a call from Mayor Richard Riordan, asking him to cease pursuit of the NFL franchise. The city had decided that the team should play in the Los Angeles Memorial Coliseum, already over 70 years old, and absent any of the considerable amenities now standard in NFL stadiums. O'Malley reluctantly shelved his work and withdrew, noting that while he believed strongly in the viability of his proposal, "you can't fight City Hall." No significant progress, or even agreement as to how the nation’s second-largest market would attract a team and build a stadium, has occurred since.
On November 2, 2011, a day after the announcement that Frank McCourt would be selling the Dodgers, O’Malley expressed his interest in repurchasing his former team.
He subsequently partnered with South Korean company E-Land in submitting a bid for the team. He withdrew his bid on February 21.
On August 7, 2012, it was reported that a group headed by O'Malley purchased the San Diego Padres for $800 million.