Haha. Good point. Until somebody writes the story about Moorad acquiring a mansion in Rancho Santa Fe for his use on Wednesday afternoons, he's not anywhere close to the level of Frank or the Screaming Meanie.
I guess I was just making the point that using the value of the team to borrow against future revenue, with MLB's explicit approval, is a tried and true method of acquiring a team. Even when there are bidders standing buy ready to pay cash.
And yeah. I think the combination of Moorad and Moores must be quite the odd couple. They seem to have pissed off every single owner in the league, as well as most of the folks in the Commissioners office. Separately. Impressive.
From Tim Sullivan via the Tweeter: "Jeff Moorad not stepping down as #Padres CEO, but withdrawing application to become "control" person to get TV deal done. More to come." Sullivan says himself more ... more
And more from Sullivan. http://www.utsandiego.com/news/2012/mar/09/padres-moorad-withdraws-request-complete-sale/ Certainly doesn't do anything to firm up Moorad's ownership group. Sheesh. This whole ... more
Not that Moorad seems like a paragon of virtue, but there is a qualitative difference between using revenue generated by the club to pay off the purchase and using revenue like the McCourt's did, to... more
Re: What the heck is going on (with ownership)? — Wahoo Willy,Fri Mar 9 17:17
Oh, and other thing I was going to add. I just can't help but have a picture of Moores in my head while this is going down. This guy seems so desperate to get out of MLB, and he just can't do it.... more