Monday, December 15, 2008

The inevitable: Padres for sale

Is anyone shocked?

San Diego Padres owner John Moores told this weekend that he has hired Goldman Sachs to identify potential buyers for the ballclub.
Moores said selling any part of the club does involve a much-publicized personal wrinkle: the pending divorce between him and his wife, Becky.

Together, they own 90 percent of the team, and because of community property laws in the state of California, Becky shares 50 percent of that asset. She must agree to any sale, and in the event that they can't come to an agreement, the California state court presiding over the divorce would be the arbitrator.

Thanks to ShysterBall for the alert and the Delta Burke reference, which is always good.

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