San Diego Padres Owners Hire Allen & Co. to Advise on Team Sale

The San Diego Padres’ owners hired bankers Allen & Co. and Moag & Co. to sell the team.

The process may take several months, Padres Chairman John Moores said today in a statement posted on the team’s website.

The Los Angeles Times reported on April 7 that the ownership group had hired Allen & Co.’s Steve Greenberg as an adviser, citing people familiar with the situation.

To contact the reporter on this story: Andy Fixmer in Los Angeles at afixmer@bloomberg.net

To contact the editor responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net

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