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SDNews.com
Home La Jolla Village News

Sports briefs

Tech by Tech
February 6, 2009
in La Jolla Village News, No Images, Sports
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Moores, Moorad sign pact on Padres sale John Moores, San Diego Padres majority owner, and Jeff Moorad, a general partner of the Arizona Diamondbacks, have agreed on a pact that divests Moores of about one-third of his interest in the franchise. Moores said the value of the club will ultimately be more than $500 million, including debt. Because of the team’s $240 million debt service, Moorad still must come up with about $100 million to close his part of the deal. In 2008, Forbes magazine valued the Padres at $385 million, 19th among major league baseball’s 30 clubs. Moorad, a former Diamondbacks CEO, has five years to effect the purchase. Until then, Moores will represent the club at owners meetings and sit on various committees. In 2008, the Padres finished last out of five teams in the National League West race, losing 99 games. Buick Invitational tickets still available Tickets are on sale for the Buick Invitational, which is taking place at Torrey Pines Golf Course Feb. 2 through 9. Live action kicks off today, Feb. 5, with opening round play at the North and South Courses at 8:30 a.m. Action continues on Friday and Saturday, with the final round slated to begin on Sunday at 8:30 a.m. The Boys & Girls Clubs of San Dieguito Golf Tournament will be held Sunday on the North Course, starting at 7 a.m. and 12:30 p.m. For ticket information on the Buick Invitational, visit www.buickinvitational.com.

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