July 7, 2020

Padres Chairman Ron Fowler On Finances, 2020 Season, Union (MLB Trade Rumors)

With few to no fans in the stands during a 60-game season, Major League Baseball teams are undoubtedly going to suffer a financial hit this year. The Padres are among the teams in line to take a beating in that regard, executive chairman Ron Fowler explained to Kevin Acee of the San Diego Union-Tribune.

“People don’t want to believe we’re going to lose, cash on cash, well over $100 million. I can assure you we are,” said Fowler, who added: “We’ve already borrowed $100 million. We are looking to increase our loan availability, and we are looking to make a significant capital contribution — more money into the team.”

Despite his disappointment, Fowler stressed to Acee that he doesn’t want to come off as a whiner. He’s instead trying to look forward to a baseball season and hoping the Padres will end their 13-year playoff drought or at least finish above .500 for the first time since 2010. San Diego went just 70-92 last year, which Fowler called an “embarrassing” campaign in…

Read “Padres Chairman Ron Fowler On Finances, 2020 Season, Union” at MLB Trade Rumors