Ron Fowler said the Padres could normally expect to realize $150M in revenue tied to Petco ParkGETTY IMAGES
Padres Exec Chair Ron Fowler indicated that a nine-figure loan is "just the starting point for mitigating against revenue lost by not having fans, plus diminished sponsorship and media rights agreements, for a truncated 2020 season and what he anticipates will be a financially-challenging 2021," according to Kevin Acee of the SAN DIEGO UNION-TRIBUNE. Fowler said, "People don’t want to believe we’re going to lose, cash on cash, well over $100 million. I can assure you we are. ... We’ve already borrowed $100 million. We are looking to increase our loan availability, and we are looking to make a significant capital contribution -- more money into the team." Fowler "doesn’t see it as likely fans will see any of that baseball in person at Petco Park" this season. He said, "I don’t think they feel it’s going to happen. If they don’t feel it’s going to happen, we don’t think it’s likely to happen either. But if things change and we can do it with social distancing and all that, we’ll do everything in our power to make it work." Fowler said that the Padres "could normally expect to realize $150 million in revenue 'tied to the ballpark.'" Acee notes that "does not include roughly $50 million from their local television contract with Fox Sports San Diego." Fowler said that of the $150M, $100M is "derived from fans in the ballpark" (SAN DIEGO UNION-TRIBUNE, 7/1).
