The Arizona Republic reports that Jeff Moorad has resigned from his post as CEO of the Arizona Diamondbacks in an attempt to acquire the San Diego Padres with a "small but significant" group of investors. Moorad has reached an "agreement in principle" to buy the Padres.
Team president Derrick Hall was promoted to President and CEO in Arizona. Padres fans will hope that Moorad and his group's purchase of the team might put a halt to all of the cost-cutting. Current Padres owner John Moores is going through a pricey divorce that is seemingly dragging down the entire franchise.
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