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
tshipman
for his generous support.

Bookmarks

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogOMNICHATTER 5-4-16
(32 - 1:30pm, May 04)
Last: RoyalsRetro (AG#1F)

NewsblogOTP 2016 May 2: The Anti-Moneyball Election
(1160 - 1:29pm, May 04)
Last: The Good Face

NewsblogKate Upton Reveals Engagement to Justin Verlander at 2016 Met Gala | Bleacher Report
(36 - 1:28pm, May 04)
Last: PreservedFish

NewsblogESPN edited Curt Schilling out of its 30 for 30 episode on the '04 Red Sox and people are mad.
(22 - 1:24pm, May 04)
Last: Sugar Bear Blanks

NewsblogPrimer Dugout (and link of the day) 5-4-2016
(12 - 1:22pm, May 04)
Last: RoyalsRetro (AG#1F)

NewsblogOT: NBA Playoffs Thread 2016
(1112 - 1:12pm, May 04)
Last: aberg

NewsblogAtlanta Braves should bring back Chief Noc-A-Homa and the teepee
(63 - 12:59pm, May 04)
Last: Rickey! met her in a hotel lobby...

NewsblogOT: Wrestling Thread November 2014
(1543 - 12:53pm, May 04)
Last: MHS

NewsblogOT: Soccer March/April 2016
(835 - 12:33pm, May 04)
Last: jmurph

NewsblogBryce Harper signs biggest endorsement deal for MLB player
(26 - 12:28pm, May 04)
Last: bbmck

NewsblogDominic Smith turns on power for B-Mets in rout
(1 - 10:57am, May 04)
Last: Russlan thinks deGrom is da bomb

NewsblogTo learn about himself, Ben Cherington decided to teach - The Boston Globe
(24 - 10:45am, May 04)
Last: jacksone (AKA It's OK...)

Sox TherapyGettin' It Done
(7 - 10:35am, May 04)
Last: jmurph

NewsblogThe Braves Play Taxpayers Better Than They Play Baseball
(27 - 9:46am, May 04)
Last: Barry`s_Lazy_Boy

Newsblog10 Degrees: Is a juiced ball causing MLB's large home run spike? - Yahoo Sports
(51 - 9:10am, May 04)
Last: Don August(us) Cesar Geronimo Berroa

Page rendered in 0.2366 seconds
47 querie(s) executed