John Moores is filthy stinkin' rich

by jbox on Dec 22, 2006 11:36 AM PST in News

No. 10 most wealthiest in SD

No. 10 -- John J. Moores

Chairman, San Diego Padres

Estimated net worth: $800 million

The Padres, meanwhile, were rated in 2004 as worth $329 million, the 13th richest among the 30 Major League Baseball teams. The team has since moved into the Petco Park.

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old data

without a doubt the value of the Padres has doubled since the move to PETCO and the back to back division championships. The team value has risen at a much higher rate than player salaries. there's my beef

Relax, all right? Don't try to strike everybody out. Strikeouts are boring! Besides that, they're fascist. Throw some ground balls - it's more democratic.

by TheRevRun on Dec 22, 2006 1:19 PM PST reply actions

Yeah I'm not sure

why the data is so old. Moores must be swimming it like Scrooge McDuck now. All that condo money and other nefarious deeds.

by jbox on Dec 22, 2006 2:26 PM PST up reply actions

curious

anyone have a link to the story?

by pjbno4 on Dec 22, 2006 2:30 PM PST reply actions

Sorry

somebody sent it to me in an email without a link.

by jbox on Dec 22, 2006 5:11 PM PST up reply actions

If you still want it-

I googled and found it on the San Diego Business Journal-

http://www.sdbj.com/article.asp?aID=108338&link=perm

That only has the part of the article that mentions Moores specifically though, sorry!

by astralcube on Dec 22, 2006 6:12 PM PST up reply actions

thanks...

I was more interested in seeing who the other 9 were.

by pjbno4 on Dec 22, 2006 6:47 PM PST up reply actions

Who is...

the wealthiest?

Wiggins: Voted "Creepiest Gaslamp Baller" by his fans.

by wiggins4ever on Dec 23, 2006 9:57 AM PST reply actions

Forbes Mag 2006 Team Values

http://www.forbes.com/lists/2006/33/Rank_1.html

You will note -- some teams that have been very successful seem to be posting 'losses.'

Some teams that are very, very, very bad say they are 'profitable.'

The Padres post a profit.

I believe MLB took offense to these stats when they were posted earlier this year, claiming they were incorrect.

If I can find their rebuttal, I'll post it.

by San Diego Smooth Jazz Man on Dec 26, 2006 9:38 AM PST reply actions

Those Forbes lists

Here's the thing with those Forbes lists. If those were the real team values, then why is it that when a team gets sold, it always gets sold for a solid 30%-50% more than their supposed value? There's are multi-millionaires and billionaires that we're talking about. Obviously, they know a thing or two about money, so why are they spending so much more than the supposed "value"?

Forbes would have you think that they're overpaying, but the fact of the matter is, something is worth exactly how much somebody else is willing to pay for it. If somebody "crazy" bought something for more than it was worth, then there wouldn't be anybody in line trying to buy it for more the next time it goes for sale.

I argued with my finance professor over this a ton, but he didn't speak english very well and wasn't a baseball fan.

by Dex on Dec 26, 2006 10:43 AM PST up reply actions