Padres have spent money to make money, need to continue winning to make it feasible in the long term
The Padres, who play in Major League Baseball’s fifth-smallest media market, are taking in so much money that they expect to for the first time ever be a payor into the league’s revenue sharing program.
“I think it’s a validation of the approach that if you invest in the team on the field and you create a compelling and winning product, the fans will respond,” Padres CEO Erik Greupner said last week. “I think that was always in the forefront of Peter’s mind when he initiated that strategy.”Padres Chairman Peter Seidler declined to comment this week. His thinking is that no one wants to hear him talk about money.The Padres will begin spring training this week in Peoria, Ariz.
The Padres have long been a revenue sharing payee along with the Marlins, Rays, Pirates, A’s and other “small-market” teams. The year before the ownership group led by Ron Fowler and Seidler bought the team in 2012, the Padres were the largest revenue sharing recipient. It was believed by many that there was no way a team like the Padres could ever join the ranks of payors.
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