BASEBALL DAILY REPORT : AROUND THE MAJORS : Werner Is Set to Sell Padres

Tom Werner, chairman of the San Diego Padres, has reached a tentative agreement to sell the team to Malcolm I. Glazer for $82.5 million, sources told The Times.

Glazer is CEO of First Allied Corp. of Boynton Beach, Fla., a financial institution with investments in real estate and TV stations. His agreement with Werner hinges on the approval of other owners, a process believed to have started informally.

Werner was attending an owners meeting in Cincinnati on Wednesday and could not be reached. It is uncertain if he is simply reducing his majority ownership or leaving the club entirely. Glazer, who intends to keep the club in San Diego, a requisite of his approval, is believed to be buying out all of Werner’s 14 partners, sources said.

Werner bought the club in 1990 from Joan Kroc. The reported price was $75 million.