According to the San Diego Union Tribune, John Moores has retained Steve Greenberg of Allen & Company and John Moag of Moag & Company to assist in the sale of the team. This comes just a few days after Moores essentially said he wasn’t sure what he was going to do with the team. There is little question this was his only choice though.
After the sale to Jeff Moorad fell through because of lack of support among the other owners and Commissioner Bud Selig, Moores was forced back into the driver’s seat. Since his divorce, he has been trying desperately to unload the Padres. Now, he looks to make some extra profit. As the only available team on the market, the Padres’ value has likely increased since Moores sold to Moorad in 2009.
In a statement, Moores said:
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. I have been honored to own the San Diego Padres and have enjoyed the experience tremendously.
There is no early word on who some of the prospective buyers may be, but the popular theory is that many of the losers in the Dodgers bidding war may be interested. Moores and the Padres will have to also figure out what to do with Moorad’s group and their current 49% interest in the team.