Jeff Moorad stepped down as president of the Padres:

In what looks a lot like a strange switcheroo, Jeff Moorad is going to step down as CEO and become Vice Chairman of the Padres while Tom Garfinkel will move from Padres President to Padres CEO.

According to the release, it looks like Moorad will be focusing on Fox Sports San Diego while Mentor will be working directly with the Padres.

What exactly does this mean?

First off, if you see Moorad as a pure investor type of owner, then the regional sports network probably is the better moneymaker than the team. Second off, if you like Garfinkel more than Moorad (I guess you could put us in that camp), then this is very interesting news. From our conversations with Garfinkel, he’s very dedicated to this team and while we don’t agree on all of his ideas, he’s not one to turn away feedback or criticism. He’s also been much more visible and carries none of the whole “former agent” stigma that Moorad carries.

I suspect Moorad didn’t think he’d ever get approved by Major League Baseball as the controlling owner of the team. The Padres do seem like they are in a bit of disarray. We’ll see if that proves to be true.