Moorad increases stake with Padres
PEORIA, Ariz. -- Jeff Moorad has increased his stake to become essentially a 50-percent partner in owning the San Diego Padres.
Moorad has made a $45 million wire transfer to John Moores, which gives his ownership group approximately a 50 percent stake.
Moorad took over as the Padres' CEO and minority owner a year ago Thursday.
Moorad initially purchased 34 percent of the team and took over Sandy Alderson's role as CEO when his group made its first $100 million payment last year. ...
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