Former Los Angeles Dodgers president Peter O'Malley, who stayed with the club as chairman of the board after the Fox Group purchased the team earlier this year, is leaving the organization.
The 60-year-old O'Malley told Dodgers employees at a meeting in Vero Beach, Fla., Thursday that he will leave at the end of the year.
Walter O'Malley, Peter's father, purchased a majority interest in the then-Brooklyn Dodgers in 1950, and the family controlled the team until selling it last March to Rupert Murdoch's Fox Group for about $311 million -- the most ever paid for a U.S. sports franchise.
Peter O'Malley succeeded his father as the team's president on March 17, 1970, and held the job for 28 years. Walter O'Malley, who moved the team to Los Angeles in 1958, died in 1979.
O'Malley maintained his office at Dodger Stadium throughout the recently completed season, although he wasn't actively involved in the team's day-to-day operations.
Earlier this month, the Dodgers were selected the "Most Successful Organization in Major League Baseball During the 20th Century" in a study conducted by Street & Smith's SportsBusiness Journal.
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