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. Addison Russell T. Davies (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

News

All News | Prime News

Old-School Newsstand


BBTF Partner

Support BBTF

donate

Thanks to
Jim Wisinski
for his generous support.

Bookmarks

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogCubs Fire Bosio
(12 - 3:22am, Oct 23)
Last: Walt Davis

NewsblogEXPANSION COULD TRIGGER REALIGNMENT, LONGER POSTSEASON
(118 - 3:04am, Oct 23)
Last: Joyful Calculus Instructor

NewsblogOTP 16 October 2017: Sorry, Yankee fans: Trump’s claim that he can ensure victory simply isn’t true
(1941 - 2:10am, Oct 23)
Last: Gonfalon Bubble

NewsblogOT - 2017 NFL thread
(151 - 11:38pm, Oct 22)
Last: Russlan thinks deGrom is da bomb

NewsblogAngell: Bringing the Yankees Home?
(16 - 11:21pm, Oct 22)
Last: ERROR---Jolly Old St. Nick

NewsblogOT - NBA 2017-2018 Tip-off Thread
(461 - 10:32pm, Oct 22)
Last: Gold Star - just Gold Star

NewsblogAstros beat Yankees to force Game 7 in ALCS | MLB.com
(22 - 9:44pm, Oct 22)
Last: Nero Wolfe, Indeed

NewsblogPetriello: Bregman's split-second call preserves shutout
(17 - 9:18pm, Oct 22)
Last: Pat Rapper's Delight (as quoted on MLB Network)

NewsblogDeadspin: Please Enjoy(?) 21 Years Of Joe Buck Hyping Forgotten Fox Shows
(21 - 9:12pm, Oct 22)
Last: AndrewJ

NewsblogAstros' Justin Verlander named ALCS MVP after two dominant starts vs. Yankees
(43 - 9:07pm, Oct 22)
Last: Buck Coats

NewsblogOT: Winter Soccer Thread
(37 - 5:41pm, Oct 22)
Last: Nose army. Beef diaper? (CoB)

Sox TherapyQuestioning the Winter
(19 - 4:59pm, Oct 22)
Last: Jose is an Absurd Doubles Machine

NewsblogALCS Game 6 OMNICHATTER, for October 20, 2017
(155 - 4:41pm, Oct 22)
Last: Wahoo Sam

NewsblogDusty Baker Will Not Be Back as Manager
(85 - 2:29pm, Oct 22)
Last: The Yankee Clapper

NewsblogOT - October 2017 College Football thread
(88 - 2:13pm, Oct 22)
Last: don't ask 57i66135; he wants to hang them all

Page rendered in 1.4823 seconds
68 querie(s) executed