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MASN dispute update

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On 9/4/2019 at 8:57 PM, Satyr3206 said:

And some said the deal was stupid and not negotiated well.

It was both. The fact that Angelos didn’t require “fair market value” to be spelled out in the settlement was stupid.  The fact that he demanded that both teams get the same FMV revenue was not stupid, but moronic.  Now that FMV is being calculated correctly, that is to maximize revenue for the teams, he and MASN are screwed.  The fact that he thought MLB would allow him to calculate FMV for MASN’s benefit is smh worthy.

This situation isn’t going away anytime soon.  MASN won’t be able to afford the identical FMV payments to both teams unless they find a way to make MASN profitable.  It’s a crap network, that no one watches outside of baseball.  

Greedy Peetey’s legal options are shrinking.  Is he going to keep suing to satisfy his cantankerous nature?  Probably, but he’s throwing good money after bad.  I don’t know what happens if MASN becomes insolvent, but I suspect the Nats will sue to put MASN into receivership or to dissolve the settlement agreement because MASN has defaulted.  I think the likely outcome is that Angelos dies and his sons try and work out a new agreement, but MLB will refuse.  They only want to see the backs of the Angelos clan.  MASN will try and sell the rights to Comcast or some other entity.  The Lerners will try and kill the perpetual rights, which will lower the price.  The Angelos boys will sue, and this thread will live on for another decade. 

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Judge says MASN should pay Nats based on MLB panel decision

 

Quote

Cohen heard renewed arguments Tuesday and denied a motion by the Nationals to reargue the case that led to his Aug. 22 decision to confirm the arbitration award. He said the sides should jointly submit a proposed judgment by Nov. 21 and also said the Orioles are not precluded from seeking recalculations of MASN profit distributions.

Why on earth would the Nationals want to reargue the case?  Maybe this is a typo?

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2 minutes ago, VaBird1 said:

So both teams get an additional 99 million for 2012-16?

If I recall correctly, the ownership of the Orioles will be receiving money that is subject to revenue sharing instead of money that isn't.  As well as paying money to the Nationals that they were previously pocketing.

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2 minutes ago, Can_of_corn said:

If I recall correctly, the ownership of the Orioles will be receiving money that is subject to revenue sharing instead of money that isn't.  As well as paying money to the Nationals that they were previously pocketing.

Correct.

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3 minutes ago, Can_of_corn said:

If I recall correctly, the ownership of the Orioles will be receiving money that is subject to revenue sharing instead of money that isn't.  As well as paying money to the Nationals that they were previously pocketing.

No saying it was pocketed by the Orioles.    It was probably parked within MASN all this time.   

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3 minutes ago, Frobby said:

No saying it was pocketed by the Orioles.    It was probably parked within MASN all this time.   

I was speaking of the time before the first arbitration (previously to 2012).  Obviously for legal reasons the disputed money was set aside.

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32 minutes ago, VaBird1 said:

So both teams get an additional 99 million for 2012-16?


99M minus already disbursed TV fees to the clubs plus interest as determined by the court. Could be $100-$120M depending upon the interest rate and the compounding periods chosen.  MASN might have to take out a loan.  I expect more lawsuits to occur, just because  of past performance 

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1 minute ago, Beetlejuice said:


99M minus already disbursed TV fees to the clubs plus interest as determined by the court. Could be $100-$120M depending upon the interest rate and the compounding periods chosen.  MASN might have to take out a loan.  I expect more lawsuits to occur, just because  of past performance 

The money has been put aside pending the appeals.

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6 minutes ago, Can_of_corn said:

The money has been put aside pending the appeals.

True, but MASN’s maintenance of the money and the clerk’s interest determination are two different things.

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