Padres' CEO Buys Triple-A Club With Eye on Escondido

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    NEWSLETTERS

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    SAN FRANCISCO - OCTOBER 21: A detail of batting practice balls on the field before the San Francisco Giants and Philadelphia Phillies take batting practice before Game Five of the NLCS during the 2010 MLB Playoffs at AT&T Park on October 21, 2010 in San Francisco, California. (Photo by Justin Sullivan/Getty Images)

    The minor leagues may be headed to North County, according to a published report.

    A group led by Friars CEO Jeff Moorad made the purchase of Oregon's Portland Beavers with an eye on possibly moving the club to Escondido down the road, according to the North County Times.

    An official announcement of the sale is expected to be made Thursday afternoon. For now, the group is looking at a temporary move to Tucson, where the announcement is scheduled, the paper reported.

    The Moorad group negotiated for the team for what sources told the North County Times was between $16 million to $20 million.

    Any move to Escondido, of course is dependent upon whether the city OK's the building of a ballpark for the team.