20 years. By 2011, Moorad had sold his 12% share of the Diamondbacks. By January 2012, Moorad and his group held 49% ownership of the Padres, when MLB deferred voting on approval for the group to complete the sale with Moores. In March 2012, Moorad withdrew the group's application to complete the full purchase of the Padres. He stepped down as CEO of the Padres later that month, but remained with the team as Vice-Chairman. Some media outlets speculated that Moorad was short of the needed support of 22 MLB team owners to complete the purchase of the Padres, though only two were suspected of opposing completion of the purchase. Moores declared that the entire team was up for sale again in April, citing the good opportunity in the market after the record $2 billion sale of the Los Angeles Dodgers; Moorad's minority group would receive 49% of the proceeds of any sale of the Padres. Moorad was succeeded by Ron Fowler as lead of the group of any owners transferring ownership to the new purchase. In August, the Padres were sold for $800 million, a $300 million increase over the valuation in Moorad's 2009 purchase. Moorad Sports Partners In 2013, with partner Greg Byrnes, Moorad founded Moorad Sports Partners, an investment management company that pursues opportunities in sports-related businesses, including the purchase and management of professional sports franchises. PrimeSport In February 2015, Moorad Sports Partners, along with the Carlyle Group and RSE Ventures, acquired PrimeSport Holdings Inc., a global sports travel and events-management company. Moorad served as PrimeSport's Chairman until its sale to On Location Experiences at the end of 2017. Family Circle Tennis Center In October 2017, Moorad Sports Partners, along with musician Darius Rucker, acquired the long-term rights to the Family Circle Tennis Center in Charleston, South Carolina. The center consists of 17 courts, including the 10,200-seat Volvo Car Stadium. The center hosts concerts, outdoor events, and tennis tournaments, including the WTA Tour's Charleston Open. Morgan, Lewis, & Bockius In September 2017, Moorad joined global law firm Morgan, Lewis & Bockius LLP, where he serves as a partner and Chairman of the firm's global sports practice. Moorad leads a team of more than 50 lawyers assisting clients on sports matters such as stadium and team finance, mergers and acquisitions, media rights, intellectual property, labor and employment, tax, litigation, retail and merchandising, antitrust regulations, and other sports business