Blog Entry

Owners play Lucy to Moorad's Charlie Brown

Posted on: January 12, 2012 8:30 pm
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Easy to see why John Moores' anger flashed quickly at the owners' meetings on Thursday. He wants his money and he wants out of baseball.

But the riveting question now after fellow owners pushed the pause button on the impending transfer of the Padres from Moores to Jeff Moorad is, will it happen?

Or will Moorad be left standing in the on deck circle?

Commissioner Bud Selig cited "economic concerns" as the reason for the delay. Meanwhile, ownership sources with multiple clubs hesitated to predict where this thing will go next.

"Usually, when you get to this point, it's teed up," one person said. "The fact that it did not get voted on shows significant financial questions."

Translation: When a person is allowed to begin running a club, as Moorad was the Padres beginning in the spring of 2009, approval by other owners usually is just a formality.

The fact that there were enough "red flags" to leave the owners' executive committee asking for more answers, however, at best slows the process and keeps the Padres' finances flat and, at worst, could torpedo the entire sale. That would leave Moores, who had intended to divest the 51 percent he still owns in the club once the money owed by Moorad was deposited in December, back at the starting point.

Few want that, and though Moorad has made several enemies among owners from his days as an agent, those with knowledge of this snag say reasons are purely financial, not personal.

Selig promised Moores and Moorad that the process will move "expeditiously." The next quarterly owners' meeting is in May, though one person suggested Thursday that Selig could convene a vote via conference call in 60 or 90 days if the financial questions are answered.

Moores, who will receive about $530 million total for the Padres, a club he purchased in 1995, was angry enough at the delay that he refused to vote in favor of the two-year extension Selig received, which went 29-1 in the commissioner's favor.
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Comments

Since: Aug 23, 2006
Posted on: January 15, 2012 2:10 pm
 

Owners play Lucy to Moorad's Charlie Brown

Fine, bring in a new buyer and let's get this done. MARK CUBAN COME ON DOWWWWWWNNNNN!!!!



Since: May 20, 2007
Posted on: January 13, 2012 3:37 pm
 

Owners play Lucy to Moorad's Charlie Brown

Ahhh tis a sad state of America when poor billionaires can't afford a baseball team. My heart bleeds purple piss for them.



Since: Mar 17, 2010
Posted on: January 12, 2012 11:49 pm
 

Owners play Lucy to Moorad's Charlie Brown

Hopefully details will emerge over the coming days about the financial concerns MLB has. I would hate to see this loom over the team going into the season. The Padres were suppose to head into spring training with Moorad fully in place, now the lingering question is when or if he will ever be majority owner. If MLB is not satisfied what will become of Moores and his 51%? Will he sell it off to another group which would rightfully demand control of the team. Will there be takers of a 51% share or will the minority group want out as they never intended to be a minority group. All the while baseball decisions will likely be put on hold, including extensions for players like Maybin & Quentin. Right when Byrnes was on a roll too. Oh yeah, Byrnes...He's a Moorad guy, better not get use to him being here if the deal falls apart either. See how that lingering question becomes a distraction? 





Since: Aug 30, 2006
Posted on: January 12, 2012 10:11 pm
 

Owners play Lucy to Moorad's Charlie Brown

$530 million???  Wow. thats a impressive number!  no wonder the bitch wanted a divorce!!Wink  And our Padres couldnt ever pay for good players, or pay to keep good players??....    Sports money is absolute crazy!!!  It kindof makes me sick at times!!!



Since: Sep 10, 2007
Posted on: January 12, 2012 8:53 pm
 

Owners play Lucy to Moorad's Charlie Brown

Moorad wants his money, but I doubt he wants our of baseball. He has to sell the team, because of his divorce.  He was actually a decent owner until his marriage started to fall apart and the payroll got constricted due to laws dealing with divorce saying shared money cant be spent without the approval of both parties


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