After his long-gestating sale of the Padres to Jeff Moorad went south, John Moores is trying again:
Padres majority owner John Moores has retained investment banker Steve Greenberg to broker a sale of the club, according to a Los Angeles Times report on Saturday … Moores previously sold the Padres in January 2009 for $525 million to Moorad, who had three to five years to complete the purchase.
Given the explosion in local TV rights revenues — the Padres are just now closing a 20-year, $1 billion TV deal — that delay in the sale probably made Moores $250 million more on the sale of the team than if the Moorad deal had been consummated.
Almost makes one wonder if the failure to approve Moorad was about his financing or if, rather, it was early-seller’s remorse.
ESPN’s Jerry Crasnick reports that talks between Major League Baseball and the MLB Players’ Association concerning pace of play changes have stalled, which makes it more likely that commissioner Rob Manfred unilaterally implements the changes he seeks. Those changes include a pitch clock and a restriction on catcher mound visits.
Manfred said, “My preferred path is a negotiated agreement with the players. But if we can’t get an agreement, we are going to have rule changes in 2018, one way or the other.”
The players have made several suggestions aimed at reducing the length of games, such as amending replay review rules, strictly monitoring down time between innings, and bringing back bullpen carts.
It is believed that MLB is proposing a pitch clock of 20 seconds. If a pitcher takes too long between pitches, he will have a ball added to the count. If the hitter takes too long, then he will have a strike added to the count.