Thursday, March 26, 2009

Sale of Padres "awfully close"

Three months removed from the announcement of Jeff Moorad starting negotiations to become the new owner of the San Diego Padres. A deal which already has the blessing of Commissioner Bud Selig as well as Chief Operating Officer Bob DuPuy.

Current Padres' owner John Moores: "We're awfully close to being able to announce the deal. Things have gone as well as I could've expected, particularly because of Commissioner Bud Selig and his staff. The process has been fairly smooth from the beginning up until now. There have been no surprises."

After the deal becomes complete, current CEO Sandy Alderson will step down, an announcement he made through a statement back on February 3rd.

What are your thoughts on this? Does this look promising for the team's future? Will Moorad raise the payroll in the coming years? Does this mean the team will compete for more than just an NL West Championship?

No comments: