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The Padres issue pink slips

Jul 24, 2009, 9:42 AM EST

The Padres are cutting office staff:

The San Diego Padres have eliminated between 10 and 20 positions as
part of what new CEO Jeff Moorad calls the first step of a
reorganization of the team’s business operations . . . “What this is
about is a reallocation of resources that is intended to give us the
most economic flexibility when it comes to supporting the club on the
field,” [Team CEO Jeff] Moorad said.

I can’t help but think that it’s also about the tremendous liquidity problems owner-in-limbo John Moores likely has as a result of his divorce. Which, one must remember, is what prompted Moorard to buy into the Padres in the strange, path-to-ownership way that he did.

But no matter the reason for the cuts, money is fungible, and money
saved on the player side of things can do far more to enhance “economic
flexibility.” In other words, if they’re sacking employees making five
figures to make ends meet, one can’t help but think that they’re
strongly considering selling off their truly valuable assets as well.

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