The Padres sale hold-up is because of Jeff Moorad’s limited partners

3 Comments

We saw last week that the final approval of the transfer of the San Diego Padres to Jeff Moorad had hit a snag based on some financial consideration or other. At Forbes today, Mike Ozanian gets a little closer to the problem:

The sale of controlling interest of the San Diego Padres to Jeff Moorad by John Moores has been delayed by Major League Baseball because the league is not convinced of the net worth of Moorad’s limited partners.

Ozanian says that the limited partners are being “put under the microscope.”

Like I said the other day, I suppose this is a good thing if it means that MLB is now taking the financial stability of its owners seriously in light of the Frank McCourt/Fred Wilpon debacles.  Still, it’s not like Moorad is new to the scene here, having been slowly taking over the Padres for a couple of years now.