The San Diego Reader says Jeff Moorad is stepping down from his position as club CEO.
With Moorad expected to step down today, there are more questions than answers.
Tim Sullivan of the UT San Diego says it's not true:
Moorad is not stepping down as CEO
Here's the press release from the San Diego Padres
The San Diego Padres today announced that Vice Chairman and CEO Jeff Moorad has withdrawn his application to Major League Baseball for a control transfer, in order to expedite MLB approval of the club’s television broadcasting agreement.
"With Opening Day less than one month away, John Moores and I believe our top priority is to ensure that Padres fans will be able to watch broadcasts of what we believe is an exciting baseball team," said Moorad. "I remain fully committed to the San Diego Padres and our fans, and am looking forward to the 2012 season."
The club will have no further comment until MLB completes its approval process.
It sounds like the only way the MLB was going to approve the TV Deal is if John Moores remained in control of the team. The other MLB owners didn't want the TV Deal and the ownership transfer to happen at the same time because they are afraid that the Moorad group would use the TV money to pay for the team. With the season kicking off in less than a month something had to be done to get the television contract approved.
Moores has been quoted recently that he no longer wants to be the team's owner.
"I’m ready to move on. After 17 years, I’m ready to close the door. I’m ready to sit in the cheap seats. Life’s too short. I don’t even think I have to sign anything. Mail me the check. I keep opening the mail … nothing."
“I have spoken with San Diego Padres Chairman John Moores and Vice Chairman/CEO Jeff Moorad. They have informed me that Jeff is withdrawing his control transfer application of the Padres at this time in order to focus on completing the club’s local television contract. I am pleased that John and Jeff are working on ensuring that the club’s games will be televised this season and beyond, and I know that they are acting in the best interests of Baseball, the franchise and the great fans of San Diego.”