Moores To Remain San Diego's Majority Owner
Dec 11, 2014 9:46 PM
John Moores will retain his 51-percent majority ownership stake in the Padres, at least for the foreseeable future.
He said in an interview that his agreement to sell the franchise to former chief executive Jeff Moorad has been terminated.
The group headed by Moorad had two more years to close what was a $530 million transaction signed three years ago, but those rights are no longer in force.
MLB.com
Tags: San Diego Padres, Legal,