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Jeff Moorad To Buy Padres

by Anthony Amobi

Jeff Moorad resigned as Arizona Diamondbacks chief executive officer and says he has reached an agreement in principle to buy the San Diego Padres.

Moorad said he heads a “small but significant” group of investors that has an exclusive right to complete the specifics of negotiations with Padres owner John Moores.

Moorad said he hopes the transaction can be completed in the next three months. The sale has to be approved as well as Moores’ wife, Becky, who is going through a divorce with her husband, John.


Posted in Players on January 5th, 2009

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