Monday, December 15, 2008
John Moores Hires Goldman Sachs To Sell Padres
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."