Jeff Moorad Resigns as CEO of D-Backs to Pursue Purchase of Padres

Jeff Moorad, the CEO and general partner of the Arizona Diamondbacks resigned Friday in order to pursue the purchase of the San Diego Padres. In Moorad’s place, Diamondback’s president Derrick Hall was promoted to CEO, said managing general partner Ken Kendrick to the Associated Press. (Read The Biz of Baseball interview with Jeff Moorad) According to The AP, Moorad will continue to retain an ownership stake in the D-Backs, until such time as MLB rules require him to sell the stake, should he and his ownership group acquire the majority ownership stake in the Padres. "I can confirm that Jeff has resigned and is interested in the Padres," San Diego owner John Moores wrote in an e-mail to The Associated Press. John Moores, mired in divorce proceedings and coming off a 99-loss season, officially announced in mid-December that he had hired Goldman Sachs in an effort to sell the team to potential buyers. Moores, who has owned the club since 1994, has seen four postseason ap...