Jeff Moorad could be announced as the
new owner of the Padres as early as today.
The sale of the San Diego Padres from John Moores to former Arizona Diamondbacks CEO and player agent Jeff Moorad is very nearly complete according to a report by The Associated Press. And, according to the North County Times, Padres CEO Sandy Alderson will step down on Thursday. In a sign that the Padres sale could be finalized, possibly as early as today, Alderson said in February that he would be stepping down as CEO as soon as the sale transfer from Moores to Moorad was complete.
At the time of the February announcement that Moorad was in exclusive negotiations to purchase the Padres, he said that his ownership group was working toward completion of the sale by Opening Day. Moorad and his group will buy the franchise over a period of up to five years, ultimately acquiring 100% ownership, subject to approval by Major League Baseball. According to Barry Bloom of MLB.com, Moorad has confirmed the nearness of the deal.
"We're awfully close to being able to announce the deal," Moores said when reached by telephone on Wednesday night. "Things have gone as well as I could've expected, particularly because of Commissioner Bud Selig and his staff. The process has been fairly smooth from the beginning up until now. There have been no surprises."
(Read The Biz of Baseball interview with Moorad)
A UCLA graduate with strong roots in Southern California, Moorad has a 25-year history in professional sports, working for many years as a player representative for top athletes in baseball and football. He purchased an ownership stake in the Diamondbacks in 2005.
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Maury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is contributor to Baseball Prospectus, and is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.
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