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 to imagine a worse scenario. Moorad looked promising until we got more information.
I thought the LA Times article about getting Tony Gwynn involved as the face of the next ownership group in the same way Magic is in LA, or Nolan Ryan in Dallas, was an interesting idea.
In any case, at 700M you aren't going to get someone looking at the team as an investment. It's got to be an ego purchase, especially with the new tv deal already done. The hard part about that is that there isn't anyone under the age of 65 with enough cash in SD to make it happen.
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 ... 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