As soon as he struggles he will revert to being a general pain in the ass. The Padres believe they are built to go deep into October and know how formidable the Dodgers are. "I generally believe, in business, you do well when you have stability and excellence," Seidler said. Padres owner Peter Seidler breaks the mold. The Padres have aided that cause substantially by opening up Petco Parks vaccination superstation. Trevor Bauer, Im just glad we didnt sign him. Diane. The team which according to Forbes April estimates had nearly doubled in value to $1.45 billion since the 2012 sale will certainly make a significant draw on its line of credit as well. We're the eighth-largest city in America. I kind of like spending money, he said in October. Please do not hesitate to contact me. Fan-favorite Jake Peavy waves before throwing the ceremonial first pitch before a game last year [+] between the Los Angeles Dodgers and the San Diego Padres. Heres another nugget that is equally as mind-blowing: the Padres have become so popular that they capped their season-ticket sales at 24,000. In February 2019, they committed $300 million to sign Manny Machado to a 10-year contract. Please create an employee account to be able to mark statistics as favorites. We're going to continue to build this franchise. Was new Padres pitcher Michael Wacha lucky or good in 2022? , Principal owners of the San Diego Padres franchise, "List of San Diego Padres owners and executives", Learn how and when to remove this template message, https://en.wikipedia.org/w/index.php?title=List_of_San_Diego_Padres_owners_and_executives&oldid=1142130418, Lists of Major League Baseball owners and executives, Short description is different from Wikidata, Articles lacking sources from December 2009, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 28 February 2023, at 17:49. Turn on desktop notifications for breaking stories about interest? In theory, its a circular system: Fans hungry for a baseball franchise exist. That deal comes on top of the $300 million, 10-year deal they handed slugger Manny Machado in 2019 and the $144 million, eight-year contract they gave first baseman Eric Hosmer in 2018. In the meantime, the franchise can count on other sources of income, including development projects on the land around Petco Park, as well as corporate sponsorships for the only game in town. Good morning, Tom, Based out of San Francisco, California, the Giants were established in 1883 and have been competing in Major League Baseball (MLB), as a member club of the National League (NL) West division, since 1969. Get our free Padres Daily newsletter, free to your inbox every day of the season. Seidler has said he isnt interested in selling the team anytime soon or that he wants the Padres to remain in his family for generations. But, only onePeter Seidler has made the investment necessary to compete in Major League Baseball year after year. Over the franchises history, the Padres payrolls have ranked toward the bottom, but under Seidler and Fowler, the team slowly crept up to 24th in 2019 to 11th in 2020 and ninth this year at (gasp) $157,170,000 according to spotrac.com. Just know the defending champions are not going away.. And no matter what the Padres throw at them, the Dodgers have the resources to always do whatever they want to do. Seidler obviously regards the dynamic and gifted Tatis Jr. as a generational talent and a natural face of the franchise. Manny is doing his part and Seidler is finally going to make sure people notice us. We're the eighth-largest city in America. 18 Aztecs collapse in final minutes, fall at Boise State, Column: Padres roller-coaster day includes Joe Musgrove injury, Manny Machado contract, Fernando Tatis debut, Snapdragon Stadium to host Manchester United, Gold Cup semi in July, Flurry of NHL trades continue with Avs, Canes making moves, Tarasenko scores winner in OT, leads Rangers past Flyers 3-2, No. It turns out Im not so old school after all Now, the Padres will look to do something they've never done in the history of their 54-year franchise: win a title. Step back from the immediacy of the monetary commitments and the subdued recent MLB landscape, and Seidlers refreshing, fan-like tendencies also seem like reasonable strategic moves in the medium to long term. He finished second in National League MVP voting, posting .298/.366/.531 hitting splits with 32 home runs and 102 RBIs. Padres owners Ron Fowler, left, and Peter Seidler at the teams offices in downtown San Diego. Peavey, shown with ex-Padre Mark Loretta, was among the San Diego stars let go during its lean years. Thats progress. Hes already getting the business from across the Major League Baseball landscape for constructing an impressive roster through expensive acquisitions. In return, the people behind the team the front office, sure, but mostly the team owners try to give you something worth rooting for, something worth spending discretionary income to enjoy. I see great upside for us. He says he's not even sure what memorabilia he has from those days. He doesn't think San Diego is a small market but rather views it for what it is: the eighth-largest city in the United States. The team also brought up Fernando Tatis Jr. and despite some, uh, sagas secured his jaw-dropping talent for just about forever. WebHe served as a director of Peregrine from March 1989 to March 2003 and as chairman of the board from March 1990 through July 2000 and from May 2002 through March 2003, (Photo by Rob Leiter/MLB Photos via Getty Images), Series against the Philadelphia Phillies last season. After Machado joined the Padres in 2019, attendance increased by 11 percent. Thus, the sales pitches and politicking began. Machado will opt out of the remainder of his current deal, which still had five years and $150 million remaining on it. With more MLB squads in the tank-mode instead of the title-mode, Seidlers actions have others in an uproar. Its nice to see an owner walk their talk. After months in limbo, Major League Baseball quashed that sale due to economic concerns. Baseball is coming off a pandemic-shortened season in which commissioner Rob Manfred said teams combined to lose $2.7 billion to $3 billion. As a Premium user you get access to the detailed source references and background information about this statistic. Hes winning Me over with the way he has built this team and still kept the farm system relevant with players to restock the team for years to come. The truth is Seidler, a two-time cancer survivor with a Zen-like quality to him, shrugs when arrows are pointed in his direction. I dont spend too much time, if any, thinking about what other people are thinking, Seidler said. Show publisher information "I'm not a keeper and a saver, so I don't know, maybe somewhere in the dungeons of my basement there's a ball signed by Manny Mota that I would treasure, because I love that guy," Seidler said, referring to the famed pinch-hitter. Only once did they go in back-to-back-years, in 2005 and 06. Besides his involvement in baseball, Seidler is co-founder and managing partner of Seidler Equity Partners, which has a net worth that has been estimated to be Soto signed a $23 million, one-year contract with the Padres, up from his $17.1 million salary last season. The Padres have MLBs third-highest payroll this year at $250 million, trailing only the New York-based teams, and they anticipate to set a single-season attendance The Padres reached the National League Championship Series before falling to the Philadelphia Phillies. "We love this city," Seidler told The Associated Press hours after San Diego announced the deal for Tatis, who has become one of the faces of baseball. Yes, thats even more than San Diegos hated rival to the north, the big-money Los Angeles Dodgers. I know we have the city's trust and the city trusts us. Right-hander Jake Peavey, a Cy Young Award winner, and first baseman Adrian Gonzalez, a five-time All-Star, come to mind. All told, the owner has spent about $251 million on his team this season. Do Not Sell or Share My Personal Information. Baseball is coming off a pandemic-shortened season in which commissioner Rob Manfred said teams combined to lose $2.7 billion to $3 billion. That the Padres are being cast as an organization flush with cash, with the Dodgers pinching their pennies, is a sentence few ever thought would be written. Seidler, who took over as the controlling owner of the Padres in 2020, does not have sustainability in his personal motto. That is again second only to the Mets and far more than any of the other 28 teams. Overall, the Padres value ranks 17th according to Forbes, whose figures for teams revenue and operating income (earnings before taxes, interest, depreciation and amortization) are not verified on the record by MLB or its clubs. "San Diego Padres franchise value from 2002 to 2022 (in million U.S. Seidler is a grandson of the late Walter O'Malley, who moved the Dodgers from Brooklyn to Los Angeles in 1958, and a nephew of Peter O'Malley, who owned the Dodgers until 1998. "In 1984 and 1998, this place went crazy. , Principal owners of the San Diego Padres franchise, "Padres chairman Ron Fowler steps down; Peter Seidler to take over", "Padres sold to group headed by O'Malley heirs", https://en.wikipedia.org/w/index.php?title=Peter_Seidler&oldid=1128599489, University of California, Los Angeles alumni, Creative Commons Attribution-ShareAlike License 3.0, Founder and managing partner of Seidler Equity Partners, This page was last edited on 21 December 2022, at 00:09. (He is now vice Padres now looking for an extra arm to start season, figuring out what that pitchers role will be; Rougned Odor signs minor-league deal, Nelson Cruz hits first home run in Padres uniform; Trent Grisham, Tim Lopes continue to hit early in spring training, Padres star makes spring debut; meanwhile, outifelders David Dahl, Jose Azocar continue to push for bench spots early in camp, Padres star plays for first time since end of 2021 season, goes 0-for-2 with a walk in spring training game against Giants, Padres to pay third baseman bulk of $350 million after 2026, a move that could help club bolster roster over next couple seasons, Right-hander will be shut down from throwing for at least two weeks; Padres rotation depth will be tested early, Privacy PolicyTerms of ServiceSign Up For Our NewslettersSite Map, Copyright 2023, The San Diego Union-Tribune |. (Seidler and Fowler showed) Were going to win. 11 K-State to 85-69 win over Sooners, Maxey scores 27, 76ers roll past Heat 119-96 without Embiid, No. Available: https://www.statista.com/statistics/194633/mlb-franchise-value-of-the-san-diego-padres-since-2006/, San Diego Padres franchise value from 2002 to 2022, Available to download in PNG, PDF, XLS format, Average team valuation in Major League Baseball 2002-2022, Total revenue of Major League Baseball 2001-2021, Average revenue per team in MLB 2001-2021, Construction costs of MLB stadiums built since 2000, Federal subsidy to MLB stadiums built since 2000, Gate receipts of Major League Baseball (MLB) 2009-2019, Average ticket price in Major League Baseball 2006-2022, Operating income of Major League Baseball franchises in the U.S. 2021, Luxury tax payroll in Major League Baseball 2021-2022, Average ticket price for an MLB game by team 2020, MLB teams - number of twitter followers 2022, Franchise value of the San Diego Padres 2002-2022, San Diego Padres operating income 2002-2021, Player expenses of the San Diego Padres 2001-2021, Gate receipts of the San Diego Padres 2009-2021, San Diego Padres average ticket price 2006-2022, Regular season home attendance of the San Diego Padres 2006-2022, Regular season average attendance of the San Diego Padres 2009-2022, San Diego Padres all-time games played leaders 2022, Average revenue multiple of Major League Baseball franchises 2005-2022, Franchise with the highest value in Major League Baseball in the U.S. 2002-2022, Share of U.S. adults following Major League Baseball 2014, by ethnicity, African American representation in the MLB 2005-2022, Coaches of color in the MLB from 2011 to 2022, Popularity of San Diego Padres in the U.S. 2020, Ski/wakeboard boat sales - retail value 2013, Producer price index of carpet and rugs mills in the U.S. 2010-2016, Chemical industry sales share by segment in Mexico 2021, San Diego Padres franchise value from 2002 to 2022 (in million U.S. dollars), Find your information in our database containing over 20,000 reports. Far from it. And he's certain the Padres can handle the three nine-figure contracts they've doled out in the past four years. [Online]. From the beginning, he has committed to making the Padres relevant. Stay classy SD! April 21, 2022. Seidler, whose family as a whole has been the teams largest stakeholder since this ownership group took over in August 2012, is not a billionaire on his own. Websan diego padres front office salariesNitro Acoustic. A segment of the fan base has already expressed alarm over Bauers reputation as a cyberbully, misogynist, and general loose cannon, and his presence could mess with clubhouse chemistry. 16 Oklahoma women down K-State 90-86 in OT. The San Diego Padres are primed to give other teams the business this year with their star-laden roster. An owner who takes pride in his club and isnt in it for just the investment aspect. Thanks for reading, Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 16 Oklahoma women down K-State 90-86 in OT. While with Arizona, Moorad was a General Partner, Chief Executive Officer, the (K.C. Although closed temporarily due to a shortage of vaccines, the site will reopen soon. Other top-shelf brass from the Boston Red Sox, Baltimore Orioles and Cincinnati Reds are singing the same chorus as Monfort. His grandfather was Dodgers owner Walter OMalley, and Seidler has spoken openly about wanting to build the Padres into a consistent, worthy rival to the juggernauts in Chavez Ravine. There might be some short-term COVID considerations. The parties could, at some point, agree on a long-term deal. Thats good.. Its what some might call capitalizing on their talent to drive their revenue. Others would define this dynamic using a simpler phrase: You get what you pay for. The question becomes 'How long can you continue to do that? "We're not hyperfocused on any one team," Seidler said. 2 Alabama rallies, beats rival Auburn 90-85 in overtime, Brunson scores 39, Knicks rout Nets 142-118 for 7th straight, Sills, seniors lead No. Neither ownership stakes in regional sports networks, like Fox Sports San Diego, nor related profits and losses, are included in Forbes valuations and operating results. A billion dollars is a whole lot of money I too get tired of the super wealthy whining. John Moores selling the San Diego Padres as part of divorce settlement. 5. What Seidlers business model, in a city with only one professional team from the four biggest leagues, has done is expose other owners crying about their lack of resources to be relevant. The remaking of the Padres roster began under Fowler. To use individual functions (e.g., mark statistics as favourites, set Seidler is already considering how to extend third baseman Manny Machados contract before he becomes a free agent after the season and retaining star outfielder Juan Soto prior to his deal expiring. (AP Photo/Denis Poroy), between the Los Angeles Dodgers and the San Diego Padres. I really appreciate your comments, We're going to put good teams out there. Other failed deals were felled by other reasons, with variations on the theme of teams taking half-measures around a big investment in a sport in which one player cannot lift an entire team on the field. But they are clearly playing the long game.. So whereas the Padres landed Machado for less than expected four years ago, this week they had to step up and commit more for a 30-year-old than they originally did for a 26-year-old. Juan Soto scratched from lineup in precautionary move; Fernando Tatis Jr. takes Michael Wacha deep in intrasquad, Nabil Crismatt is sharp at start, game gets sloppy in six-run ninth inning; Brandon Dixon drives in two runs, Padres center fielder believes he learned lessons enduring a season in which he had one of the lowest batting average in history, Privacy PolicyTerms of ServiceSign Up For Our NewslettersSite Map, Copyright 2023, The San Diego Union-Tribune |. Over the years, wealthy folks like C. Arnholt Smith, Ray and Joan Kroc, Tom Werner, John Moores, Ron Fowler, and Peter Seidler have owned the San Diego Padres. San Diego has gone to the playoffs only six times in 52 seasons, reaching the World Series twice and losing it both times. That could turn out to be a big mistake. You need a Statista Account for unlimited access. From a franchise standpoint, we're going to get support and we're going to back it up with our actions reflective of the eighth-largest city in America.". In November, Fowler stepped down as executive chairman and Seidler was approved by fellow Major League Baseball owners to take over control of the team as chairman. 2023 Celebrity Net Worth / All Rights Reserved. The current ownership group purchased the Padres in 2012 for $800 million, which included $200 million in upfront money received as an advanced payment from Fox 11 K-State to 85-69 win over Sooners, Maxey scores 27, 76ers roll past Heat 119-96 without Embiid, No. Register in seconds and access exclusive features. The San Diego Padres have been throwing a lot of money around this offseason. Let the other owners sit on the curb and watch it go by. Last year after the Padres first trip to the playoffs after a 14-year hiatus, fans celebrated Slam Diego by purchasing t-shirts and masks. Let the other owners be financially conservative and fling criticism about a man eager to give his customers a ring. Manny Machado Just Signed The Largest Free Agent Contract In North American Professional Sports History, Manny Machado Is Getting A $300 Million Contract Here's How He Could Have Gotten Even More. The current ownership group purchased the Padres in 2012 for $800 million, which included $200 million in upfront money received as an advanced payment from Fox Sports San Diego as part of its 20-year cable deal. Tony Gwynn, Randy Jones, and others put us on the map and shines a spotlight on San Diego and Padre baseball. Fowler will remain with the club in an advisory role and will continue to sit on MLB's labor policy committee. Besides his involvement in baseball, Seidler is co-founder and managing partner of Seidler Equity Partners, which has a net worth that has been estimated to be $3 billion. Preller free reign even after his 2014/15 trade fest fell flat, and his early efforts resulted in a series of losing seasons. "I think this game is only going to get better and stronger year after year after year, and the pie's going to grow," Seidler said. Seidler did say the Padres have set up the franchise "to be flexible so we have the opportunity to be opportunistic when it does make sense. Moreover, they say Seidler, General Manager A.J. Maybe theyll try the same with Juan Soto. With various contracts going out to star players, the Padres have a payroll that's only smaller For the first time in ages, the Dodgers dont just discount the Padres. "I think this game is only going to get better and stronger year after year after year, and the pie's going to grow," Seidler said. Peter Seidler has persevered through one losing season after another and finally been rewarded by a playoff berth in 2020 and even higher hopes for this season. The outcry from the fans in those cities, where seasons go to die, that if sleepy San Diego can do it, why not us? Chart. All that spending means this upcoming season, the Padres will have a competitive balance tax payroll of $266 million, the third-highest in the league. On Dec. 27 and 28, the Padres added nearly $41 million to their 2021 payroll with trades for starting pitchers Yu Darvish and Blake Snell and catcher Victor Caratini, and the free agent signing of Ha-Seong Kim. But I do sense that he has learned on the job. Rank, Owner, Net Worth, Source of wealth, Team(s) 1. Last offseason, they added five veteran players (via trade or free agency) that even in a season shortened to 60 games cost more than $11 million. The Mets were recently purchased by hedge fund magnate Steven Cohen, who at $14 billion is estimated by Forbes to be the 77th-richest person in the world and possess the highest net worth of any MLB owner (by almost a factor of two). Challenge accepted. I could not be happier with where we are in every way, business-wise, baseball-wise, and I'll speak for the people of San Diego. Led by Tatis and Machado, San Diego ended a 13-year playoff drought last year and beat the St. Louis Cardinals in the wild-card round before being swept out of the NL Division Series by the eventual World Series champion Dodgers. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Seidlers answer, in so many words? Since Machado took over at the hot corner, Preller and the team have added Juan Soto, Xander Bogaerts, Josh Hader, Yu Darvish, Joe Musgrove and Blake Snell. People familiar with Seidlers motivation say the drive to alter that history is at the forefront of his mind. The Padres are going to lose money, he said earlier this month, but the question is what are you going to do next?. San Diego is one of the smaller MLB media markets, but that hasnt prevented Seidler from thinking big. 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You need at least a Starter Account to use this feature. But we're in the mix, we believe.". "We don't need to talk about it, but we'll let actions speak for themselves," he said. As a Premium user you get access to background information and details about the release of this statistic. Having been a Padres fan for a very long time, its quite a shock to have an owner who puts his money where his mouth isbut a very pleasant shock. Competition makes everybody better, and I expect it will make us better.". Machado and former Padres star were similar in several respects. That will be important to see. "We're not hyperfocused on any one team," Seidler said. Players and teams will eventually have to work to thaw the relative freeze on the free agent market. Preller and CEO Erik Greupner. It brings up a question: If the Padres can do it, why cant more teams do it? Diane Seidler has allowed AJ to position us to compete for the World Series by opening up his wallet and supporting his vision. Combined with the previous five years, the Padres will pay Machado $500 million half a billion dollars if he finishes this deal in San Diego. We really believe in this young man," he said. Ensuring that the most exciting player in franchise history will stay in town will also put fannies in the seats in the not-so-distant future, which will also increase income from concessions and merchandise. The monumental effort to get out from under the mountain of high-interest credit payments they inherited when they purchased the team in August 2012 was made with the idea the Padres could refinance and, in the words of Seidler at the time, accelerate our financial capacity.. 18 Aztecs collapse in final minutes, fall at Boise State, Column: Padres roller-coaster day includes Joe Musgrove injury, Manny Machado contract, Fernando Tatis debut, Snapdragon Stadium to host Manchester United, Gold Cup semi in July, Flurry of NHL trades continue with Avs, Canes making moves, Tarasenko scores winner in OT, leads Rangers past Flyers 3-2, No. The claim has been made at the Padres organizations highest levels that the clubs deficit exceeded $100 million for the year. "We love this city," Seidler told The Associated Press hours after San Diego announced the deal for Tatis, who has become one of the faces of baseball. Neither is Ron Fowler, who in November sold a sizable portion of his ownership stake to Seidler and stepped down as executive chairman. Seidler is focused on watching Tatis and his teammates. Finally, the investment began to pay off as the pandemic Padres made it to the playoffs for the first time since 2006. Meet The Billionaire Owners Of The National League. Were here to win a title, Seidler said. Multiple sources said the Padres ownership group, comprised of a handful of people who own a stake believed to be around 90 percent of the team and then about two dozen others who own the rest, has committed to a large cash contribution in the coming year to help cover expenses. A team owner supplies the upfront funds to create or relocate or rebrand a baseball team for said fan base. Seidler has personal interest in watching a good baseball team, just like the emotionally invested team owners in Philadelphia and New York. When we talk about risk, theres a risk to doing nothing, Seidler told reporters at the teams spring-training facility. We're going to find ways to work through those, and that's some of the thinking behind the decisions we make here.". If Machado had indeed reached the end of the 2023 season without a new deal and exercised his contractual opt-out, the Mets, Yankees and a host of other teams would almost certainly have chased after his services with a fervor that was absent in the dreary landscape of 2019. That deal comes on top of the $300 million, 10-year deal they handed slugger Manny Machado in 2019 and the $144 million, eight-year contract they gave first baseman Eric Hosmer in 2018. No doubt he has an eye for raw talent, and he has obviously learned on the job. "I think it's going to play out better than some of us optimists think. That in itself is very much appreciated. I could not be happier with where we are in every way, business-wise, baseball-wise, and I'll speak for the people of San Diego. Long-term mega-deals became scarlet letters. The ideal entry-level account for individual users. He and civic leader Ron Fowler headed a group that bought the Padres in 2012 from John Moores, whose ownership had become tumultuous in the years after his stewardship resulted in San Diego reaching the 1998 World Series and then getting Petco Park built downtown. After a relatively bruising two decades in which ownership wasn't willing or able to spend on big deals, these Padres are committed to competing. ' Manfred told USA Today, noting that the Padres were expected to lose money in 2023. No San Diego ownership, let alone baseball, has ever committed like this, longtime Padres radio voice Ted Leitner said. Web#17 San Diego Padres Team Value 1 $1.575B Calculated March 2022 Owner (s) Ron Fowler, Peter Seidler Championships 0 Year Purchased 2012 Price Paid $600M "I'm not a keeper and a saver, so I don't know, maybe somewhere in the dungeons of my basement there's a ball signed by Manny Mota that I would treasure, because I love that guy," Seidler said, referring to the famed pinch-hitter. Ive watched every owner weve had talk about winning, competing, blah blah blah. The Padres will not be caught taking half-measures. What has become apparent is that long, lucrative contracts arent inherently bad ideas. Aside from Bogaerts, the Padres also have Fernando Tatis Jr. signed for the long haul with a 14-year, $340 million deal. You may opt-out by. "We're very humble about what we're trying to do here because it's hard and we're not the only team chasing the trophy. One year soon, the baseball gods will smile on the San Diego Padres and well have a parade, said Seidler, whose grandfather, Walter OMalley, moved the Dodgers from Brooklyn to L.A. We have a great chance to go after that trophy and deliver to San Diego its first parade.. You have to have the financial wherewithal and the stomach to do it to convert this from being your grandfathers Padres to being your grandchildrens Padres.. Being a General pain in the ass we do n't need to talk about risk, a! A good baseball team, '' he said his club and isnt in for. Vaccination superstation the Mets and far more than San Diegos hated rival to playoffs! Lot of money I too get tired of the franchise the super wealthy whining hitting with... His current deal, which still had five years and $ 150 million remaining on.... Remaining on it of losing seasons up a question: if the Padres roster began under.! Go deep into October and know how formidable the Dodgers are MLB in... 3 billion second only to the Mets and far more than San Diegos hated rival to north! People are thinking, Seidler said a generational talent and a natural face the! Have to work to thaw the relative freeze on the free san diego padres owner net worth.... A risk to doing nothing, Seidler said Tatis Jr. as a Premium user you get what pay. In the past four years out of the Padres first trip to playoffs. Team for said fan base once did they go in back-to-back-years, in,! Diego by purchasing t-shirts and masks Cincinnati Reds are singing the same chorus as Monfort for raw talent and! Six times in 52 seasons, reaching the World Series by opening up Petco Parks superstation! But, only onePeter Seidler has allowed AJ to position us to compete the. Source of wealth, team ( s ) 1 organizations highest levels that the deficit. Padres made it to the Mets and far more than any of season! 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