January 03, 2009
Moorad and the Padres
Here's more on Jeff Moorad buying the Padres:
Fifteen years after Texan software mogul John Moores bought the Padres, Moores and his wife Becky have reached "an agreement in principle" to sell the club to a group led by Jeff Moorad, an Orange County resident with wide-ranging experiences in the baseball business.
Moorad was the general partner of the rival Arizona Diamondbacks the past 4 1/2 years and for 20 years prior was a powerful agent to baseball stars such as Manny Ramirez and Mo Vaughn.
If the sale of the Padres goes through, the price will exceed $400 million, according to a major-league source. Moores put up about $80 million to buy the Padres in December 1994.
"It's a jewel of a franchise," Moorad said.
I like the people Moorad hired to rebuild the Diamondbacks, and the way they went about it. With some luck and a weak division they were able to become competitive faster than I thought. The Padres are at a similar point. Moorad already has a smart group of people running the team, so maybe he can accomplish the same thing in San Diego.
Posted by David Pinto at
10:13 AM
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