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SBD/March 12, 2012/Franchises
John Moores Reluctantly Retains Majority Ownership Of Padres For Another Season
Published March 12, 2012
PUT IT IN THE BOOKS? In San Diego, Tim Sullivan wrote the "percentage play in Moorad’s pursuit of the Home Team may be to sit tight and show sincerity: to close the game-changing television deal with Fox Sports and plow the proceeds into player payroll and improvements to Petco Park; to prove he’s committed for the long haul and not the quick buck; to use his time productively while waiting for the wind to shift." Moorad's decision to "pull back his application to acquire controlling interest in the Padres is most easily read as a strategic withdrawal in the face of entrenched opposition and certain defeat." MLB sources continue to "question Moorad’s ability to secure the required approval of 22 owners over the objections of the influential" White Sox Chair Jerry Reinsdorf and D'Backs Managing Partner Ken Kendrick, who was Moorad’s partner in Arizona. Though Friday’s maneuver "certainly sends a distress signal, it does not necessarily mean Moorad has surrendered" (SAN DIEGO UNION-TRIBUNE, 3/10). In California, Jay Paris wrote the main storyline that has derailed the Moores-Moorad transaction is that MLB Commissioner Bud Selig and other owners "have been privy to something we haven't been: the Padres' financial books, and just how much dough the new guys have." The focus on the "prospective ownership group is the short-pockets of Moorad and his gaggle of investors." What is "disappointing is the Padres fans having ownership in this team -- not to mention the citizens' $300 million funding of Petco Park -- are starting a season under a cloud of doubt" (NORTH COUNTY TIMES, 3/11).