August 1, 2014
Former agent Jeff Moorad has reached an agreement for his group to buy the San Diego Padres from majority owner John Moores.
Moorad, who resigned last month as chief executive officer of
the Arizona Diamondbacks, will acquire 100 percent ownership during
a period of up to five years, subject to approval by baseball
The sale, precipitated by Moores' difficult divorce from his
wife, Becky, is expected to close by opening day, and Moorad would
become CEO. That could mean the end of Sandy Alderson's tenure with
the club, which lost 99 games last year.