Baseball for the Thinking Fan

Login | Register | Feedback

btf_logo
You are here > Home > Baseball Newsstand > Baseball Primer Newsblog > Discussion
Baseball Primer Newsblog
— The Best News Links from the Baseball Newsstand

Thursday, March 22, 2012

Moorad stepping down as Padres CEO

What a Kroc!

Jeff Moorad’s tenure as chief executive officer of the Padres has ended. Team President Tom Garfinkel will become the baseball’s club’s CEO on an interim basis.

Moorad’s installment purchase of the franchise from John Moores encountered a roadblock in January when a scheduled vote on the approval of his investment group was dropped from the agenda of an owners meeting in Arizona.

Issues Moorad initially described as “technical” proved to be more than that, and the prospect of his gaining controlling interest in the club met with stern resistance from a group of owners spearheaded by Chicago White Sox chairman Jerry Reinsdorf and Ken Kendrick, managing general partner of the Arizona Diamondbacks.

Earlier this month, with the Padres’ ownership situation again scheduled for discussion at a meeting of baseball’s ownership committee and executive council, Moorad withdrew his application, presumably anticipating an election he could not win.

John Moores and his partners retain controlling interest in the club, with a 51 percent stake. Moorad’s group owns 49 percent.

According to a statement released by the Padres, Moorad will remain as vice chairman of the club and will be responsible for overseeing the Padres’ involvement in the development of Fox Sports San Diego.

RoyalsRetro (AG#1F) Posted: March 22, 2012 at 05:51 PM | 10 comment(s) Login to Bookmark
  Tags: general

Reader Comments and Retorts

Go to end of page

Statements posted here are those of our readers and do not represent the BaseballThinkFactory. Names are provided by the poster and are not verified. We ask that posters follow our submission policy. Please report any inappropriate comments.

   1. Never Give an Inge (Dave) Posted: March 22, 2012 at 07:21 PM (#4087087)

Issues Moorad initially described as “technical” proved to be more than that, and the prospect of his gaining controlling interest in the club met with stern resistance from a group of owners spearheaded by Chicago White Sox chairman Jerry Reinsdorf and Ken Kendrick, managing general partner of the Arizona Diamondbacks.

Is there anyone who has been following this more closely who can explain what the issues were? Is it just that the other owners don't like Moorad? I honestly thought he already owned a majority of the team.
   2. Joe Kehoskie Posted: March 22, 2012 at 07:39 PM (#4087099)
I've been wondering the same thing. Reporters keep mentioning the "former agent" angle, but Reinsdorf has two on his White Sox staff (Dennis Gilbert, Rick Hahn), and I haven't heard any opposition to either Gilbert or Arn Tellem during the course of the Dodgers sale. (Tellem is part of Steve Cohen's group.)

A few stories have said MLB and/or owners are afraid that Moorad's group would use a lot of the new TV money to pay down the sale-related debt, but beyond that, details have been few and far between. As recently as Jan. or Feb., approval of this deal was supposedly a formality.

Interestingly, John Moores reportedly was so angry about the approval being delayed that he (temporarily) voted against Bud Selig's contract extension. But now, with at least a half-dozen billionaires losing out on the Dodgers and with the Mets' situation a lot more stable, Moores could end up benefitting from this (i.e., he could end up with a better sale price than he had negotiated with Moorad, unless this deal is resurrected somehow).
   3. McCoy Posted: March 22, 2012 at 07:44 PM (#4087100)
Perhaps it has something to do with the A's.
   4. RoyalsRetro (AG#1F) Posted: March 22, 2012 at 08:01 PM (#4087111)
I've been wondering the same thing. Reporters keep mentioning the "former agent" angle, but Reinsdorf has two on his White Sox staff (Dennis Gilbert, Rick Hahn), and I haven't heard any opposition to either Gilbert or Arn Tellem during the course of the Dodgers sale. (Tellem is part of Steve Cohen's group.)


It could be how he behaved as an agent. I'm sure not all agents are created equal.
   5. Joe Kehoskie Posted: March 22, 2012 at 08:11 PM (#4087119)
It could be how he behaved as an agent. I'm sure not all agents are created equal.

Absolutely, but it seems like there'd be an obvious example or two of Moorad crossing a line, etc., but none of the stories I've seen have mentioned any specifics.

Jon Heyman just said on Twitter than John Moores had "turned against Moorad" over the past few weeks, which couldn't have helped Moorad's cause. The spike in MLB team sale prices might have caught Moores' eye; I believe his deal with Moorad was negotiated three (?) years ago. Or, perhaps Moores sees the writing on the wall with the Moorad deal and doesn't want to spend two more years in limbo, especially with some failed Dodgers bidders likely to see the Padres as a nice consolation prize.
   6. The Yankee Clapper Posted: March 22, 2012 at 08:30 PM (#4087130)
Too much debt? Not enough ability to pay? I'm assuming MLB doesn't want anything like another McCourt.
   7. Walt Davis Posted: March 22, 2012 at 09:28 PM (#4087174)
Any relation to this guy?
   8. valuearbitrageur Posted: March 23, 2012 at 12:18 AM (#4087255)
It's interesting his former partner Kendrick helped kill it.
   9. Joe Kehoskie Posted: March 23, 2012 at 12:34 AM (#4087258)
It's interesting his former partner Kendrick helped kill it.

Very. I wonder if it was because Moorad left Arizona for San Diego in the first place or because the two reportedly battled for over two years thereafter over the value of Moorad's 8 percent share of the Diamondbacks (which Kendrick bought back).
   10. Tripon Posted: March 23, 2012 at 12:45 AM (#4087261)
Moores could keep the team now. With the new Television contract, he now has enough money to pay for his divorce, which caused him to sell in the first place.

You must be Registered and Logged In to post comments.

 

 

<< Back to main

News

All News | Prime News

Old-School Newsstand


BBTF Partner

Support BBTF

donate

Thanks to
cardsfanboy
for his generous support.

Bookmarks

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogRyan Thibs has his 2017 HOF Tracker Up and Running
(921 - 7:18pm, Jan 18)
Last: Fred Flintstone, Premier NL Save Leader

Newsblog2017 Baseball Hall of Fame election results | MLB.com
(33 - 7:16pm, Jan 18)
Last: karlmagnus

NewsblogOTP 16 Jan. 2017: The ‘honor’ Trumps politics in scheduling Cubs’ White House visit
(956 - 7:07pm, Jan 18)
Last: Gaelan

NewsblogClass of 2017 awaits call from Hall of Fame | MLB.com
(89 - 6:45pm, Jan 18)
Last: Rennie's Tenet

NewsblogMatheny: Spring training 'priorities' may look different this year | stltoday.com
(7 - 6:28pm, Jan 18)
Last: Fancy Pants with a clinging marmoset on his Handle

NewsblogPirates' Bell credits yoga for improved flexibility, weight loss | TribLIVE
(11 - 6:22pm, Jan 18)
Last: Theo^J

NewsblogJose Bautista close to signing with Blue Jays | MLB.com
(12 - 6:14pm, Jan 18)
Last: ReggieThomasLives

NewsblogOT: Wrestling Thread November 2014
(1797 - 6:06pm, Jan 18)
Last: MHS

NewsblogOT - December 2016 NBA thread
(1129 - 5:48pm, Jan 18)
Last: aberg

NewsblogRelocation Less Common in MLB Than NFL, Other Leagues
(38 - 5:32pm, Jan 18)
Last: jmurph

NewsblogNON-ROSTER INVITEE THREAD
(12 - 5:27pm, Jan 18)
Last: cardsfanboy

NewsblogRatto- "Hall of Fame voters' biggest issue: Do they work for the job or the sport?"
(11 - 5:06pm, Jan 18)
Last: cardsfanboy

NewsblogWillie McCovey Pardoned by Obama
(20 - 5:03pm, Jan 18)
Last: Zach

NewsblogPrimer Dugout (and link of the day) 1-18-2017
(16 - 4:35pm, Jan 18)
Last: Bote Man

NewsblogPadres' Margot tops prospects all defense team | MLB.com
(7 - 3:25pm, Jan 18)
Last: Bring Me the Head of Alfredo Griffin (Vlad)

Page rendered in 0.3850 seconds
47 querie(s) executed