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
Kiko Sakata
for his generous support.

Bookmarks

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogOTP 24 April 2017: Talking politics (and baseball) with the mayor
(927 - 12:36pm, Apr 30)
Last: ERROR---Jolly Old St. Nick

NewsblogFred Lynn might've been a Hall of Famer if he'd stayed healthy — or in Boston
(60 - 12:34pm, Apr 30)
Last: ReggieThomasLives

NewsblogOT - March 2017 NBA thread
(2607 - 12:05pm, Apr 30)
Last: SPICEY WITH A SIDE OF BEER ON A BABYYYYYYY

NewsblogOT: March-April 2017 Soccer Thread
(346 - 12:04pm, Apr 30)
Last: AuntBea calls himself Sky Panther

NewsblogAre MLB Teams Gaming the New 10-Day DL System? – The Ringer
(44 - 11:49am, Apr 30)
Last: cardsfanboy

NewsblogDiamondbacks' Shelby Miller opts for elbow surgery, ending season
(4 - 11:48am, Apr 30)
Last: Swoboda is freedom

NewsblogMets face more injury drama as Noah Syndergaard refuses MRI, plans to start Sunday
(13 - 11:46am, Apr 30)
Last: Bote Man

NewsblogGift Ngoepe, First-Ever African-Born MLB Player, Got A Hit In His First Career At-Bat
(28 - 11:38am, Apr 30)
Last: Howie Menckel

Hall of MeritMost Meritorious Player: 2003 Discussion
(23 - 11:09am, Apr 30)
Last: Tubbs is Bobby Grich when he flys off the handle

NewsblogOMNICHATTER? I barely know'er! for April 29, 2017
(74 - 10:16am, Apr 30)
Last: stanmvp48

Newsblog'Sports Center' Anchor Agrees Politics is Hurting ESPN
(54 - 9:40am, Apr 30)
Last: You Know Nothing JT Snow (YR)

NewsblogSources: Nationals CF Adam Eaton done for season with torn left ACL
(10 - 9:13am, Apr 30)
Last: Bug Selig

NewsblogYankees Stage Improbable Comeback Behind a Volley of Home Runs
(51 - 1:19am, Apr 30)
Last: You Know Nothing JT Snow (YR)

NewsblogAustin Romine opens eyes in shot he didn’t know would come
(4 - 12:01am, Apr 30)
Last: Like Flies On Sherbert

NewsblogBaseball’s New Pitch-Tracking System Is Just A Bit Outside
(2 - 9:34pm, Apr 29)
Last: Bote Man

Page rendered in 0.3038 seconds
47 querie(s) executed