Jeff Moorad’s tenure as chief executive officer of the Padres has ended. Team President Tom Garfinkel will become the baseball’s club’s CEO on an interim basis.
Moorad’s installment purchase of the franchise from John Moores encountered a roadblock in January when a scheduled vote on the approval of his investment group was dropped from the agenda of an owners meeting in Arizona.
Issues Moorad initially described as “technical” proved to be more than that, and the prospect of his gaining controlling interest in the club met with stern resistance from a group of owners spearheaded by Chicago White Sox chairman Jerry Reinsdorf and Ken Kendrick, managing general partner of the Arizona Diamondbacks.
Earlier this month, with the Padres’ ownership situation again scheduled for discussion at a meeting of baseball’s ownership committee and executive council, Moorad withdrew his application, presumably anticipating an election he could not win.
John Moores and his partners retain controlling interest in the club, with a 51 percent stake. Moorad’s group owns 49 percent.
According to a statement released by the Padres, Moorad will remain as vice chairman of the club and will be responsible for overseeing the Padres’ involvement in the development of Fox Sports San Diego.