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Monday, December 15, 2008

John Moores Hires Goldman Sachs To Sell Padres

Padres owner John Moores has hired Goldman Sachs to help sell his 90% share of the Padres, according to MLB.com.
Moores, who bought the team in 1995 for approximately $80 million, said the international banking firm has been hired as a financial advisor to study selling the team either in its entirety, in part or not at all.

"My strong desire is to stay involved, because the last decade and a half has been a terrific experience," Moores said in a telephone interview. "But I have no idea how long this is going to take or how it's going to turn out. I don't know at this point what the combination will be and whether I'll be involved in it."



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