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. Edgar James Olmos (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
Harveys Wallbangers
for his generous support.

Bookmarks

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogThe Kansas City Royals will miss the MLB playoffs; they have too much ground to make up | The Kansas City Star
(28 - 3:24am, Aug 24)
Last: Sunday silence

NewsblogOMNICHATTER 8-23-16
(105 - 2:15am, Aug 24)
Last: Bote Man makes baseball fun again

Sox TherapyOne Week Later - Not Doomed but Probably Not Saved
(40 - 2:07am, Aug 24)
Last: the Hugh Jorgan returns

Newsblog5 one-year deals working wonders for clubs
(6 - 1:10am, Aug 24)
Last: SoSHially Unacceptable

NewsblogA real vacation might benefit Jason Heyward more
(67 - 12:31am, Aug 24)
Last: Jay Z

NewsblogOT: August 2016 Soccer Thread
(293 - 12:25am, Aug 24)
Last: Sean Forman

NewsblogOTP 2016 August 22: Baseball has much to teach us about politics
(299 - 12:12am, Aug 24)
Last: David Nieporent (now, with children)

NewsblogYasiel Puig Earning Promotion On The Field But Is It Enough
(11 - 12:04am, Aug 24)
Last: Walt Davis

NewsblogArizona Diamondbacks ponder replacing La Russa, Stewart after just 2 years
(39 - 11:33pm, Aug 23)
Last: snapper (history's 42nd greatest monster)

Sox TherapyA Few Minor League Notes
(3 - 11:19pm, Aug 23)
Last: Dillon Gee Escape Plan

NewsblogA’s Billy Butler hurt by Danny Valencia in altercation, sources say
(67 - 11:19pm, Aug 23)
Last: PASTE Transcends Almost All Generations (Zeth)

NewsblogEmergence of Benintendi gives Red Sox elite defensive outfield - providencejournal.com
(2 - 11:10pm, Aug 23)
Last: SteveF

NewsblogWhy Yankees shouldn’t be so quick to trade Brian McCann | New York Post
(33 - 10:30pm, Aug 23)
Last: Captain Supporter

NewsblogMark Trumbo's last seven hits have been home runs, as he just can't stop launching Trum-bombs | MLB.com
(10 - 10:28pm, Aug 23)
Last: DKDC

NewsblogPrimer Dugout (and link of the day) 8-23-2016
(21 - 10:25pm, Aug 23)
Last: Walt Davis

Page rendered in 0.1444 seconds
47 querie(s) executed