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03/09/2012 11:15 AM EST

Jeff Moorad withdraws application for control transfer

Move designed to expedite approval of Padres’ television broadcasting agreement

The San Diego Padres today announced that Vice Chairman and CEO Jeff Moorad has withdrawn his application to Major League Baseball for a control transfer, in order to expedite MLB approval of the club’s television broadcasting agreement.

“With Opening Day less than one month away, John Moores and I believe our top priority is to ensure that Padres fans will be able to watch broadcasts of what we believe is an exciting baseball team,” said Moorad. “I remain fully committed to the San Diego Padres and our fans, and am looking forward to the 2012 season.”

The club will have no further comment until MLB completes its approval process.

This story was not subject to the approval of Major League Baseball or its clubs.