Sounds like Moores is putting the team right up for sale again. He's going to make out pretty nicely in the transaction (as will Jeff Moorad and his ownership group). But it sounds like he really has no interest in sticking around.
It's difficult to imagine a worse ownership situation than Moorad's group - or Moores. So, hopefully it's only onwards and upwards.
If the price tag is $700M as some folks are reporting, well, I guess I do get a little concerned on the buyer's ability to generate enough revenue to justify that valuation. But then, I thought that at $525M too, and they'll certainly be in a better spot now with ~$40-50M/yr in local TV money.
The real good news though is that your kids may be able to go back to the yard. Maybe you could mix in a Lake Elsinore game? Or SDSU?
I'm still looking forward to my first trip down there - hoping to do it in July.
I can only imagine who Selig has lined up as the next owner of the Padres.
Well, the TV contract is a "done" deal according to Moores, and the Padres are getting a $200MM up-front bonus. I'm sure we will hear about how that money is going to upgrades at Petco, an expansion... more
I think its great news. Like you said, it can't really get much worse. Moorad couldn't cover a week's worth of salaries on his own and Moores doesn't want anything to do with the team.....it's hard... more
It's great news and awful news at the same time. That the payroll of this team this year is the same as it was in the late 90s at Qualcomm is pretty disgusting considering the baseball financials of... more
Appropriately somber, I think. And I'd imagine you're spot on about Magic Johnson's role in the ownership group. I love Magic, but he's little more than a front guy for another massively leveraged... more
I think you guys are discounting the number of opportunities these clubs have to raise revenue in less traditional roles. I think Magic is going to do a good job there as his real estate company has... more
Yeah, true that. McCourt wants to borrow $200MM against what will be a $2-3 billion deal, no dice because TV revenues should stay with the team. But Moores gets $200MM up-front out of a $1 billion,... more
I think a major distinction with the McCourt deal was that the other owners already wanted him GONE. Real bad. He had already bled the Dodgers org dry and was basically trying to use the up-front... more
You feel bad for Stauffer & Moseley looking like they could miss a good chunk and possibly all of the season, though that's premature at this point. Replacing those two from Kelly, Bass, Wieland and... more
I don't think I've ever said this about another Padre-but it's time to cut Hudson. Seriously, pay him his money and tell him to go away. The whole act is just tired and I can't believe he's providing ... more
Personally, I think that's jumping the gun on Hudson. I'm thinking about this from the team's perspective. What are the odds some team loses their 2b and is willing to take Hudson come June or July... more
...But work ethic and effort are something I find important. Everything I've heard about Hudson is that he is just cashing a paycheck. Everything I've seen on the field points to him not caring where ... more
to my eyes he's been giving it his all defensively this year and has made plays that he wouldn't have made if he was going about it in a lackadaisical way. I agree they need to move on soon, but he's ... more
If there aren't 20 or 30 better 2b now, that was true over the winter as well. Given our record of unloading mediocre offensive players over the past few years, I'm not holding my breath. He and... more
It will be interesting to see how the Bartlett situation resolves. I don't think his option will vest, and doubt he lasts as the starting shortstop through June. He'll be dealt along with 80% of his... more