{*}
Add news
March 2010 April 2010 May 2010 June 2010 July 2010
August 2010
September 2010 October 2010 November 2010 December 2010 January 2011 February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 May 2013 June 2013 July 2013 August 2013 September 2013 October 2013 November 2013 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 July 2014 August 2014 September 2014 October 2014 November 2014 December 2014 January 2015 February 2015 March 2015 April 2015 May 2015 June 2015 July 2015 August 2015 September 2015 October 2015 November 2015 December 2015 January 2016 February 2016 March 2016 April 2016 May 2016 June 2016 July 2016 August 2016 September 2016 October 2016 November 2016 December 2016 January 2017 February 2017 March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December 2017 January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018 September 2018 October 2018 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 July 2019 August 2019 September 2019 October 2019 November 2019 December 2019 January 2020 February 2020 March 2020 April 2020 May 2020 June 2020 July 2020 August 2020 September 2020 October 2020 November 2020 December 2020 January 2021 February 2021 March 2021 April 2021 May 2021 June 2021 July 2021 August 2021 September 2021 October 2021 November 2021 December 2021 January 2022 February 2022 March 2022 April 2022 May 2022 June 2022 July 2022 August 2022 September 2022 October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 April 2023 May 2023 June 2023 July 2023 August 2023 September 2023 October 2023 November 2023 December 2023 January 2024 February 2024 March 2024 April 2024 May 2024 June 2024 July 2024 August 2024 September 2024 October 2024 November 2024 December 2024 January 2025 February 2025 March 2025 April 2025 May 2025 June 2025 July 2025 August 2025 September 2025 October 2025 November 2025 December 2025 January 2026 February 2026 March 2026 April 2026
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
19
20
21
22
23
24
25
26
27
28
29
30
News Every Day |

Here's what the San Diego Padres record $3.9 billion sale means for Major League Baseball

Friday morning, news broke that the San Diego Padres organization had officially been sold. And that news effectively ended much of the debate, disagreement, and complaints about the market size disparities in modern Major League Baseball.

For over a decade, the Seidler family, primarily the late Peter Seidler, owned and operated the Padres. And they turned a perennially bottom-feeding franchise into a juggernaut. How? By treating a competitive sport like a competitive sport, and investing heavily in the on-field product.

Now? It's been sold to billionaire José E. Feliciano and his wife Kwanza Jones, owners of the English Premier League team Chelsea. For a staggering and record-setting $3.9 billion.

RELATED: San Diego Padres To Be Sold For Record $3.9 Billion Deal

Nearly $4 billion for a team located in one of the smallest markets in Major League Baseball. A team that's never once won a World Series, and hasn't won the National League West in quite literally 20 years. That team sold for $4 billion. Just six years ago, Steve Cohen bought the New York Mets for $2.4 billion.

The New York Mets. In New York City. The largest media market in the country. And the Padres just sold for 63% more, six years later. This is why all the whining and complaining from small market teams across the sport is manipulative nonsense.

What makes this price even more stunning is that the Padres currently do not have a television deal with a regional sports network. While much of the focus and criticism of the Los Angeles Dodgers' spending habits rests on their agreement with Spectrum, Padres games are produced exclusively by MLB.

Fubo and DirecTV+ carry the Padres "channel," but for most fans, they are forced into buying the team's package of games through MLB.tv. And they're still worth $3.9 billion.

How can this be, when teams like the Pirates and Marlins relentlessly cry poor, despite raking in huge amounts of revenue sharing dollars? The Marlins even play in a significantly larger market than the Padres. San Diego County has roughly 3.4 million people, while the Miami metropolitan area has 6.4 million. Yet the Padres can routinely run payrolls at or above $200 million, while the Marlins spend under $100 million. Why?

Because the Seidler family, particularly Peter, spent money to build a competitive product, taking advantage of the window of opportunity that the Chargers' move to LA offered.

Seidler, who had serious health issues for years, invested in the team in hopes of winning a World Series before he died. They signed big name free agents like Eric Hosmer, Xander Bogaerts, and Manny Machado. They were aggressively in trades, bringing in stars like Blake Snell, Josh Hader, Mason Miller, Dylan Cease, and Juan Soto. They signed key players to extensions, like Yu Darvish, Jackson Merrill, and Fernando Tatis Jr.

And what do you know, fans appreciated the effort. Petco Park is routinely sold out, and currently ranks second in average per game ticket sales with 42,395. Turns out, the old adage of spending money to make money is accurate.

This sales price shows that the owners complaining about not being able to compete with big market teams are, to put it mildly, wrong. Money is pouring into the sport, and there's more to be made when teams try to win. Fans buy tickets when ownership shows they take winning seriously. Fans buy jerseys when they have star players to support. And fans will spend money to buy a package of baseball games when there's a reason to watch.

Instead, we have owners like Bob Nutting in Pittsburgh, who hasn't signed a free agent to a contract longer than two years in decades. Literally decades. We have the Marlins, who have taken a community of rabid baseball fans, as the electric atmosphere at the World Baseball Classic demonstrated, and spat in their face by demonstrating a commitment to spending as little as possible. We have the Milwaukee Brewers, who, while competitive, trade every single big-name player they have as soon as possible to avoid long-term contracts.

But the Padres sale demonstrates that despite the excuses and gaslighting, the fastest way MLB owners could increase their franchise values is by spending money on players. If you build it, they will come.

Ria.city






Read also

'Hunger Games' actor Ethan Jamieson arrested for alleged assault with intent to kill

Armenia named Destination of the Year 2026 at Nicosia ceremony

Krave ‘here to stay’

News, articles, comments, with a minute-by-minute update, now on Today24.pro

Today24.pro — latest news 24/7. You can add your news instantly now — here




Sports today


Новости тенниса


Спорт в России и мире


All sports news today





Sports in Russia today


Новости России


Russian.city



Губернаторы России









Путин в России и мире







Персональные новости
Russian.city





Friends of Today24

Музыкальные новости

Персональные новости