According to the Associated Press, former player agent and Arizona Diamondbacks CEO Jeff Moorad has become essentially a 50-percent partner in owning the San Diego Padres.
Moorad made a $45 million wire transfer (what, no PayPal?) to John Moores today to give his ownership group a 50 percent stake. Moorad, who has been Padres CEO and a minority owner for the past year, will also hold a 30 percent stake in ownership of Petco Park.
I’m not sure what impact this will have on the Padres’ financial situation, but while people are handing out $45 million wire transfers, it might make sense for someone to find out Adrian Gonzalez’s bank account number and send a couple his way.