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Former CEO and minority owner of the Arizona Diamondbacks and part owner of the San Diego Padres baseball teams has put his $12.75 million Arizona mansion up for sale.
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Having begun his career in sports more than thirty years ago representing players with team owners as a sports agent, Jeff Moorad, 58, made the unusual move of becoming an owner himself. Born and raised in Modesto, California, Moorad is the grandson of a former minor league baseball player. As a child his grandfather took him to many baseball games leaving Moorad with a love for the game.
Moorad received his law degree from Philadelphia’s Villanova University in 1981. But practicing law was not for him as his real passion was sports, so he formed Moorad Sports Management in 1983 to represent professional athletes in their contract negations with teams’ managements. His first major client was baseball player Will Clark who would go on to a successful career with the St. Louis Cardinals and San Francisco Giants.
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In 1985, Moorad partnered with Leigh Steinberg and signed famous National Football league players such as Steve Young and Troy Aikman. Over eighteen years the partners represented such baseball stars as Mo Vaughn, Manny Ramirez and Raul Mondesi.
In 1999 the duo sold their firm, Steinberg and Moorad, to the Canadian Assante Sports Management for $120 million.
Five years later in 2004, Moorad purchased a 12% stake in the Major League Baseball team the Arizona Diamondbacks and become a general partner and CEO with the responsibility of day to day management for the franchise. After five years in Arizona, Moorad moved on to San Diego where he bought into MLB’s San Diego Padres as part of a group of twelve investors which included former Dallas Cowboys quarterback Troy Aikman. Moorad became the team’s chairman and CEO.
Jeff Moorad was very popular in San Diego where he was named one of its Most Admired CEOs by the San Diego Business Journal.
The purchase of the Padres, which began in 2009, was enacted gradually over a five year period and the investors held a 48% stake in the team by 2012. But Moorad withdraw his bid that year, apparently because he did not have enough financing for his part of the deal.
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Moorad has kept his spacious 16, 100 square foot Paradise Valley Arizona mansion which he built himself in 2006 for an estimated $9.42 million and which sits on a 4.74 acre estate. The current asking price is only $12.75 million after previously being listed at $17.5 million. There are panoramic views of Camelback Mountain from the estate.
The mansion has soft European interiors, wide plank walnut flooring, floor to ceiling windows and custom chandeliers. There are eight bedrooms, eleven baths, a wine room, a wood paneled office and a gourmet kitchen.
There is a “spa like” bathroom in the master bedroom which also has a fireplace and a private outdoor spa.
A 2, 000 square foot guest house, a swimming pool, walking paths and basketball and tennis courts are all included in the estate.
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Today, Jeff Moorad is the vice chairman and chief negotiations officer for CEATS, a software company which produces an interactive software application for on line ticketing. He is also a philanthropist who has endowed scholarships to schools such as UCLA where he teaches a course in the business of sports. Moorad donated $5 million to Villanova’s law school to establish the Moorad Center for the Study of Sports Law.
Moorad has been listed eight times as one of the 100 most powerful people in sports by The Sporting News.
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