August 13, 2012
The Kitchen Sink (A Roundup of Baseball Biz)
The conversation often starts innocently. I don’t know how many times I’ve been asked, but to date, I haven’t been able to answer completely or in under a half-hour. The question is: What does sports business involve?
On the face of it, it looks pretty easy. I always grab the path of least resistance on the query and reply, “It’s sports outside the lines.” If you’re pressed to provide added detail, the conversation explodes into everything from labor to PEDs to stadium construction to sportswear to… to… well, you get the picture. When I write for Baseball Prospectus, it makes sense to pick a topic each week and dig into it. But, for every topic covered, there’s a cornucopia of them that don’t get covered.
So, today, it’s not about one thing. Today, we’ll hit the stops along the way. Today is more fun than serious, so sip your coffee and enjoy the kitchen sink.
The Sale of the Padres Is (Finally) Going to Happen
Now, a sale to Ron Fowler, chief executive of Liquid Investments; members of the Peter O’Malley family; PGA golfer Phil Mickelson; and others is about to be approved this week. The sale will be for $800 million with $200 million of that being upfront money as part of the Fox Sports San Diego media rights deal that’s going through. That deal is $1.2 billion over 30 years.
Like the sale of the Dodgers, the new owners will be spending quite a bit of energy building the public’s trust back up, but never—and I mean NEVER—confuse John Moores with Frank McCourt.