Moorad increases stake with Padres

Updated: March 25, 2010, 12:59 AM ET
Associated Press

PEORIA, Ariz. -- Jeff Moorad has increased his stake to become essentially a 50-percent partner in owning the San Diego Padres.

Moorad has made a $45 million wire transfer to John Moores, which gives his ownership group approximately a 50 percent stake.

Moorad took over as the Padres' CEO and minority owner a year ago Thursday.

Moorad initially purchased 34 percent of the team and took over Sandy Alderson's role as CEO when his group made its first $100 million payment last year. ...

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