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

Monday, January 16, 2012

TSN: Padres sale held up by questions about limited partners

Here we go again:

Major League Baseball has been embarrassed in recent years by financial debacles surrounding the ownership of the Los Angeles Dodgers and New York Mets. And baseball is determined to avoid being burned again, Forbes.com reports.

That’s the real reason owners tabled approval of the sale of the San Diego Padres to Jeff Moorad at last week’s owners meetings, the report says. Commissioner Bud Selig is not convinced of the net worth of Moorad’s limited partners and is putting them “under a microscope,” Forbes reports.

Mike Emeigh Posted: January 16, 2012 at 11:49 AM | 9 comment(s) Login to Bookmark
  Tags: business, padres

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. RoyalsRetro (AG#1F) Posted: January 16, 2012 at 12:09 PM (#4037975)
Selig’s decision to pull the sale from Thursday’s agenda upset Moores so much that he was the only one of the 30 owners to vote against Selig’s two-year contract extension.


I don't think that's going to help much.
   2. Walt Davis Posted: January 16, 2012 at 12:50 PM (#4038039)
What? I thought this sale went down a couple years ago. Who owns the team? And if Moorad doesn't own it, how does he get to vote against Selig.
   3. Don Geovany Soto (chris h.) Posted: January 16, 2012 at 01:29 PM (#4038109)
I think Moorad's group is majority owner, but another owner owns the rest. I think this deal is about Moorad's group taking complete control.
   4. RoyalsRetro (AG#1F) Posted: January 16, 2012 at 01:38 PM (#4038118)
From TFA, Moorad owns 49% now, and he and his group is trying to own 100%.
   5. yb125 Posted: January 16, 2012 at 03:13 PM (#4038187)
Oh shoot, when I first saw this I was both sad and excited. Excited because I thought Moorad was selling the team, but sad that my interest in the Pads has waned so much that I didn't even know a sell was going down. Oh well if baseball is really looking at theses things closer that's a positive.
   6. Bhaakon Posted: January 16, 2012 at 05:55 PM (#4038294)
Oh well if baseball is really looking at theses things closer that's a positive.


Yeah, but was he really doing that badly before? It would have taken some serious due diligence to uncover the Madoff scheme before hand, and, while the McCourts are a certainly shady, they'd still be owning the Dodgers with no obvious issues if it weren't for the divorce. There are some filthy stinking rich baseball owners, but not many who can buy a former spouse out of their $1B+ baseball team (as I recall, the Padres were sold to Moorad for the same reason, just not such a public and ugly manner).
   7. shoewizard Posted: January 16, 2012 at 07:01 PM (#4038324)
And if Moorad doesn't own it, how does he get to vote against Selig.


He didn't. It was Moores who voted.

Does anyone else think Moores may be wearing a toupe ?
   8. karkface killah Posted: January 16, 2012 at 09:53 PM (#4038388)
Fantastic hair piece. Plumage AND aggression.
   9. valuearbitrageur Posted: January 17, 2012 at 10:42 AM (#4038552)
Commissioner Bud Selig is not convinced of the net worth of Moorad’s limited partners and is putting them “under a microscope,” Forbes reports.


I think the fact Jeffrey listed Eric Byrnes as contributing $30M in equity in return for a 3 year IOU was Selig's tip-off.

You must be Registered and Logged In to post comments.

 

 

<< Back to main

BBTF Partner

Support BBTF

donate

Thanks to
1k5v3L
for his generous support.

Bookmarks

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogWith Upton out, Braves can get good look at CF options | Atlanta Braves blog
(17 - 6:12pm, Mar 02)
Last: bbmck

NewsblogThe world we live in…Man has it changed. ADDENDUM! | 38 Pitches
(54 - 6:05pm, Mar 02)
Last: Howie Menckel

NewsblogOTP - March: You’re out, tobacco: Bill would ban products at all California baseball venues
(275 - 6:00pm, Mar 02)
Last: Rickey! is just here so he don't get fined

NewsblogOT: Monthly NBA Thread - March 2015
(46 - 5:59pm, Mar 02)
Last: PASTE Thinks This Trout Kid Might Be OK (Zeth)

NewsblogKeri: The 30: Offseason Stock Report
(10 - 5:58pm, Mar 02)
Last: Bring Me the Head of Alfredo Griffin (Vlad)

NewsblogSale fractures right foot in accident at home | MLB.com
(19 - 5:55pm, Mar 02)
Last: Bring Me the Head of Alfredo Griffin (Vlad)

NewsblogIs Charlie Brown the Worst Manager Ever? – The Hardball Times
(32 - 5:44pm, Mar 02)
Last: Barry`s_Lazy_Boy

NewsblogYankees Rookie Nervously Tells A-Rod How Much He Used To Hate Him As A Kid
(8 - 5:39pm, Mar 02)
Last: Howie Menckel

NewsblogGarrett Richards of Los Angeles Angels won't be ready by Opening Day, Mike Scioscia says - ESPN Los Angeles
(12 - 5:06pm, Mar 02)
Last: Ziggy

NewsblogAlex Rodriguez Attends First-Base School, but a Key Item Is Absent
(26 - 4:28pm, Mar 02)
Last: Gonfalon Bubble

NewsblogFull Count » Finally healthy, Dustin Pedroia proclaims ‘I’m not messing around’
(9 - 4:21pm, Mar 02)
Last: Nasty Nate

NewsblogMLB Network: Carlos Pena explains Effective Velocity (video)
(6 - 4:12pm, Mar 02)
Last: A White and Gold Leaf

NewsblogThe career paths of Brandon Nimmo and Michael Conforto |
(43 - 3:54pm, Mar 02)
Last: Arbitol Dijaler

NewsblogESPN: Switch-Pitcher Venditte The Talk Of A's Camp
(23 - 3:36pm, Mar 02)
Last: Ziggy

NewsblogThe Mets’ intangible that has Terry Collins predicting playoffs | New York Post
(2 - 3:20pm, Mar 02)
Last: The District Attorney

Page rendered in 0.1672 seconds
48 querie(s) executed