Moorad near deal to buy Padres from Moores
Tom Krasovic (Contact)
Friday, January 2, 2009
Arizona Diamondbacks general partner Jeff Moorad said Friday he has "an agreement in principal" to buy the Padres from John Moores and expects the deal to become official within a few months.
Moorad announced his resignation from the Diamondbacks on Friday afternoon, paving the way for him to finish off negotiations with the Padres. He said only "finer points" remain to be hashed out.
"Interest in the club was high and heavy," Moorad said. "I am pleased to get to this point and get to a point of exclusivity which gives me and my group a chance to put something together."