Complex sentence: In March 2012, Moorad stepped down as CEO of the Padres, but remained with the team as Vice-Chairman until fully retiring after his group's highly profitable sale of the team for a reported $800 million.
Split into simpler sentences: In March 2012, Moorad stepped down as CEO of the Padres, but remained with the team as Vice-Chairman. He fully retired after his group's highly profitable sale of the team for a reported $800 million.