Padres Owner May Sell Franchise

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Monday April 9th, 2012

San Diego Padres majority owner John Moores has retained investment banker Steve Greenberg, son of Hall of Famer Hank Greenberg, to facilitate a sale of the club, according to the North County Times.

When asked this week whether he plans to sell the Padres, Moores told MLB.com, "Not definitely, but I think so. I have no idea how long it's going to take to make that decision."

Moores, who controls a 51 percent stake of the franchise, previously sold the franchise in 2009 for $525 million to Jeff Moorad.  Moores reclaimed majority ownership when Moorad stepped down as CEO last month.

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