Menu
Sign In Search Podcasts Libraries Charts People & Topics Add Podcast API Blog Pricing

Ben Fletcher

๐Ÿ‘ค Speaker
67 total appearances

Appearances Over Time

Podcast Appearances

The Program
H3 The Two-Minute Drill

It certainly seems like it.

The Program
H3 The Two-Minute Drill

Jared Diamond out of the Wall Street Journal had that report this morning, and it's supposed to become official next week, and then it has to go through all the Major League Baseball owners and get approved.

The Program
H3 The Two-Minute Drill

So it feels like it's still a long way home, but it seems like that's what's going to happen.

The Program
H3 The Two-Minute Drill

So in the research we've done leading up to this, because we knew that Jose Feliciano has been in this thing since the beginning, we found out a lot about him.

The Program
H3 The Two-Minute Drill

And I'll tell you, Padres fans feel pretty split on this at the moment.

The Program
H3 The Two-Minute Drill

Now, there's a big distinction here.

The Program
H3 The Two-Minute Drill

here, Soren, because he is part of a group called Clear Lake Capital.

The Program
H3 The Two-Minute Drill

He's actually the leader of that group and the co-founder that owns at least portions of a bunch of different soccer teams, including Chelsea FC.

The Program
H3 The Two-Minute Drill

And I think where Padres fans' hesitations come in start with that.

The Program
H3 The Two-Minute Drill

They're worried that it's going to be a group of people who are managing this thing from afar.

The Program
H3 The Two-Minute Drill

Now, on the outset, it seems like they're making it very clear that this is Jose Feliciano and his wife, Kwanza Jones, going into business together and

The Program
H3 The Two-Minute Drill

This isn't Clear Lake Capital, but I think Padre fans are a little bit nervous considering Peter Seidler was very hands-on as an owner, and he cared a lot about this team.

The Program
H3 The Two-Minute Drill

And if it wouldn't have been for his passing, the Seidler family would still own this team.

The Program
H3 The Two-Minute Drill

So I think Padre fans are a little hesitant that it's part of a big conglomerate, a big group.

The Program
H3 The Two-Minute Drill

that nobody actually knows what that means.

The Program
H3 The Two-Minute Drill

The hope is that Jose Feliciano is going to treat this as a project of his and that he's not necessarily just going to run it on the margins because we can be very clear, the Seidlers lost money running the Padres.

The Program
H3 The Two-Minute Drill

Even though Petco Park was full all the time, they had to take out loans to try to cover for some of these contracts that they signed.

The Program
H3 The Two-Minute Drill

Like this wasn't a profitable endeavor for a while now.

The Program
H3 The Two-Minute Drill

So I talked to somebody who knows Chelsea football very, very well.

The Program
H3 The Two-Minute Drill

And from what that person said is Chelsea was heading in a really bad direction.