San Diego Padres Team Formation
Ray Kroc Ownership
Kroc was inducted posthumously as part of the inaugural class of the San Diego Padres Hall of Fame in 1999.
Joan Kroc Ownership
She tried to donate the team to the city of San Diego, the San Diego Padres went on to win its first ever National League pennant that year, but Major League Baseball rules forbid public team ownership. Joan Kroc sold the team in 1990
Padres Purchased by Tom Werner
PETCO Park opens
John Moores New Owner
In 2009, Moorad put together a group to buy the San Diego Padres from John Moores. Moorad and his group of 12 investors (including former client Troy Aikman, billionaire Chairman/CEO of Save Mart Supermarkets Bob Piccinini, and then-CEO of Panda Express Tom Davin) began purchase of the team with Moorad serving as club CEO and Vice-Chairman. The sale was valued at about $500 million, and the group planned to purchase the team over five years. During this time, Moorad's group also purchased the Padres' minor league Triple-A team, the Portland Beavers.
By January 2012, Moorad and his group held 49% ownership of the Padres when MLB deferred voting approval for the group to complete the sale with Moores. In March 2012, Moorad withdrew the group's application to complete the full purchase of the Padres. He stepped down as CEO of the Padres later that month, but remained with the team as Vice-Chairman. Some media outlets speculated that Moorad was short of the needed support of 22 MLB team owners to complete the purchase of the Padres, though only two were suspected of opposing Moorad's ownership two would have been enough for Selig to delay voting, however, given his desire, and good record for unanimous votes by MLB owners. Moores declared that the entire team was up for sale again in April, citing the good opportunity in the market after the record $2 billion sale of the Los Angeles Dodgers; Moorad's minority group would receive 49% of the proceeds of any sale of the Padres. Moorad was succeeded by Ron Fowler as lead of the group of any owners transferring ownership to the new purchase. In August, the Padres were sold for $800 million, a $300 million increase over the valuation in the 2009 sale.
|Padres Primary Logo History||Padres Alternate Logo History||No Wordmark Logo History|
|Team Information||Team History|
2004 - present
1998 - 2003
World Series: 0
|*Red is this team's history|