Menu
Franchises

Moores Pleased With Interest In Padres, Expects Team To Be Sold By '13

Padres Chair John Moores said there is “interest at the highest possible level” regarding the sale of his club, according to Nick Canepa of the SAN DIEGO UNION-TRIBUNE. Moores said, “The interest level is better than you’d expect. I hate to say it, but it pretty much looks like we guessed right.” Among those “said to be interested” are SAC Capital Advisors Founder and Mets investor Steve Cohen, Legendary Pictures CEO Thomas Tull, former Dodgers Owner Peter O’Malley and White Sox Special Assistant Dennis Gilbert. Gilbert is “known to be a favorite of Commissioner Bud Selig and White Sox boss Jerry Reinsdorf,” however, he “apparently doesn’t have the cabbage of a Cohen or Tull.” While there may have been “ulterior motives in the $2-plus billion paid for the Dodgers” by Guggenheim Baseball Management, it “certainly didn’t hurt the current value of all major league franchises.” Moores said, “I thought I’d live to see a big-market club trade for a billion dollars. But that’s just stunning. And I never really understood what’s going on with TV. That, too, is stunning. I don’t get it. But you have to be optimistic about new TV contracts, and this happened to be the year when our TV contract came up. Obviously, it helps us a lot, lot more.” It is still uncertain whether Minority Owner Jeff Moorad’s group “will remain involved with new ownership,” but one of his partners, Liquid Investments Chair & CEO Ron Fowler, “is involved in the new deal.” Moores said that he “doesn’t expect to own any part of this team” in ’13. He said, “I’m hoping we get it done this season” (SAN DIEGO UNION-TRIBUNE, 5/15).

GOOD SEATS STILL AVAILABLE: In L.A., Bill Shaikin wrote any new Padres owners will need to “try to bridge the widening gap between the cuddly little Friars and the newly capitalized Dodgers.” The Angels and Dodgers “each visit Petco Park this week, with plenty of good seats available.” The Padres have sold “fewer than 20,000 tickets to 12 of their first 23 home games” (L.A. TIMES, 5/13).

SBJ Morning Buzzcast: April 23, 2024

Apple's soccer play continues? The Long's game; LPGA aims to leverage the media spotlight

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

NBC Olympics’ Molly Solomon, ESPN’s P.K. Subban, the Masters and more

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with Molly Solomon, who will lead NBC’s production of the Olympics, and she shares what the network is are planning for Paris 2024. Later in the show, we hear from ESPN’s P.K. Subban as the Stanley Cup Playoffs get set to start this weekend. SBJ’s Josh Carpenter also joins the show to share his insights from this year’s Masters, while Karp dishes on how the WNBA Draft’s record-breaking viewership is setting the league up for a new stratosphere of numbers.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2012/05/15/Franchises/Padres.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2012/05/15/Franchises/Padres.aspx

CLOSE