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Colangelo sold his interest in the General Partnership of the Diamondbacks to a group of investors who were all involved as partners in the founding of the team in 1995.
The investors include equal partners Ken Kendrick, Mike Chipman, and Jeffrey Royer.
Jeff Moorad, a former sports agent, joined the partnership, and was named the team's CEO ; becoming its primary public face.
Ken Kendrick became the managing general partner.

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