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Moores To Sell Padres
The Padres announced that chairman John Moores intends to sell the team. Steve Greenberg and John Moag, who are advising Moores on the team's sale, say the process could take months.
"Three years ago, I made the difficult decision to sell the club, and I didn’t expect to have to make that same decision again,” Moores said in a press release.
The Padres had planned for Jeff Moorad to become the team's controlling partner, but the former agent recently dropped his application after failing to generate enough support from MLB owners. The Dodgers will soon sell for $2.15 billion, which could provide Moores with leverage as he proceeds with the sale.
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