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Moorad to step in as Padres CEO Thursday; Alderson to resign

Discussion in 'All Other San Diego Sports' started by BFISA, Mar 26, 2009.

  1. BFISA

    BFISA Well-Known Member

    Nov 16, 2005
    Moorad to step in as Padres CEO Thursday; Alderson to resign

    Tom Krasovic (Contact), Tim Sullivan (Contact)

    Wednesday, March 25, 2009

    PEORIA, Ariz. – Padres chairman John Moores will spin the front-office carousel yet again Thursday when the club expects to announce that Jeff Moorad will take over as CEO, with Sandy Alderson stepping down from that position.

    What makes Moorad's arrival different from that of the other four CEOs or presidents hired by Moores since he fired Larry Lucchino in 2001 is that Moorad heads a small group of minority investors and, in time, is expected to succeed Moores as controlling owner.

    Per complicated negotiations on the club's phase-in sale, worth more than $400 million in present-day value, Moores will remain majority owner for a number of years.

    The Padres plan to make an announcement Thursday afternoon. A person close to the talks said the deal is done.

    Moorad had been general partner of the Diamondbacks until resigning from that job in early January to pursue conditional ownership of the Padres.

    “John is still in control,” said a major-league executive who spoke on the condition he not be identified. “Jeff, though, has a huge amount of money involved. It's a strange thing. In baseball, you normally wouldn't have an announcement about a guy buying a minority interest. I guess it's because there will be a new CEO who, from what I understand, will eventually become controlling partner. I assume Jeff has been approved by the other owners.”

    Lucchino was CEO from the time Moores put up about $80 million to buy the Padres in late 1994. After firing Lucchino, Moores hired Bob Vizas as CEO and Charles Black as president. Neither lasted past 2002. Moores brought Dick Freeman back to the Padres as president and CEO in late 2002, while having General Manager Kevin Towers report to Moores.

    Later, Moores had Towers report to Freeman. In May 2005, Moores replaced Freeman with Alderson, a former Oakland A's executive who had been working in the commissioner's office. Freeman remained as president and, per plans he made before Moores put the Padres up for sale, likely will move into a consulting role next month.


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