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Angelos Vent Thread


sportsfan8703

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Actually it wasn't even $50m.. it was much more that. Snyder owned 10,921,300 shares. That at the time was $130 million, or roughly 1/4th of his net worth at the time.

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"Snyder, however, did not sell and instead, over the past month, bought about 2 million more Six Flags shares, at an average price of around $5.20."

Initial investment was probably in the 40-something million range.

WSJ

"The deal wiped out more than $50 million that Mr. Snyder's private-equity vehicle had invested in Six Flags. Mr. Snyder and his partners "lost a bunch of money," a person close to him said, adding that "it's nothing to brag about.""

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Actually it wasn't even $50m.. it was much more that. Snyder owned 10,921,300 shares. That at the time was $130 million, or roughly 1/4th of his net worth at the time.

When engaged in a debate it helps to provide the source of your information. Just spouting off 10,921,300 shares doesn't mean much when you're not crediting where you're pulling it from. Especially when Finisher is posting legit news sources that say otherwise.

the_more_you_know2.jpg

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Loria almost became the Owner of the O's in 1993. It was Angelos and Co. that outbid him. If Loria got the O's they would have been in Florida by 1995. So it really comes down to.. did you want to O's to stay in Baltimore or did you want to support the Florida Marlins.

Yet another believer of the Angelos saved the Orioles for Baltimore myth. Do you think that Loria was going to break the long-term lease the Orioles had with Camden Yards after only three years? Do you think that MLB would have approved the move and let Camden Yards go empty?

BTW, the Florida Marlins were approved by the N.L. on June 10, 1991, and began play in 1993, before Angelos bought the Orioles that summer.

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Yet another believer of the Angelos saved the Orioles for Baltimore myth. Do you think that Loria was going to break the long-term lease the Orioles had with Camden Yards after only three years? Do you think that MLB would have approved the move and let Camden Yards go empty?

BTW, the Florida Marlins were approved by the N.L. on June 10, 1991, and began play in 1993, before Angelos bought the Orioles that summer.

Edward Bennet Williams saved the Orioles. You know the real attorney who got his degree at a top 14 law school. Not the ambulance chasr rwho got his law degree at a 4th rate school. (Since this is the rant thread).

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Edward Bennet Williams saved the Orioles. You know the real attorney who got his degree at a top 14 law school. Not the ambulance chasr rwho got his law degree at a 4th rate school. (Since this is the rant thread).

Willie Don Schaefer, as nutty as he was, saved the Orioles. If EBW had his way, we likely would have ended up being the Washington Nationals.

And for the record, just because someone didn't get their law degree from a "Top 14" law school doesn't mean they aren't a "real attorney." Just sayin'....

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I mean, really. This is just getting ridiculous. I saw the news on the KC deal and wanted to spike my phone on the ground.

Honestly, is there any way we can compete with Peter controlling the spending???

Regularly? No.

I truly believe that PA has dug himself into a comfort zone - one that he knows will turn a profit. His team's infrastructure can't identify and develop MiL talent with any consistency, and he's not willing to cut into his earnings to spend big(er) on FA solutions for the ML club.

The O's are what they are until he's gone. Maybe they'll catch lightning in a bottle again, maybe they won't. If they do, though, lightning (i.e., fleeting luck) will be exactly what it is.

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I'm sure this has been suggested on here before but how about just stop going to games? Don't buy merchandise. Don't renew or cancel season ticket plans. Don't go to FanFest. I mean it's just that simple to me. You still can support the team. Just watch on MASN. Or if you think that's too much and don't want to give the network the ratings, pay for a season pass of MLB.tv and pick to watch the game through the opposing teams broadcast. It doesn't make you any less of a fan.

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Listen, it both is and is not about Angelos. Angelos has a right to set any spending budget he wants to set for this team. It is his team. He owns the Orioles. Or at least the majority of them.

The problem I have with all of this is that his General Manager has to know what the budget is. I am sure that he does. And, armed with this information, the General Manager proceeds to hold onto his veteran assets, not add players because he cannot afford them under the budget, and waits for the lightning to strike twice. It appears that the guy has no plan. It seems as though he has no idea how to build an organization within the parameters that he has been given. So he just hangs on. I sympathize with the constraints that he has been given, but if last offseason and now this one so far are indication of his ability to work within the parameters, I hope he resigns.

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The worst feeling is the utter helpless feeling we all have with this team. Each one of us spends far too much time following and caring about a team that doesn't care about us. But no matter how deep PA runs this organization into the ground with his penny pinching, we'll all continue to show up and support the O's because it's just our way.

I sometimes wonder what would happen if they literally drew < 1,000 fans to OPACY each night for a solid month. If that would do anything at all to shift PA's thinking. Does he really want to be remembered as some stuffy, cheap old tyrant? Is he really that apathetic towards the on-field product? If anything, a long-term holdout by the fans would probably just end up being counter-productive. The man would have even more reason to cry poormouth. It would give him the only thing he's lacked since the great firesale of 1997: credibility. So basically, we're at a standoff with the owner. We're playing chicken, but he's driving a tank, and we're in a smart car.

There's just no way for us to win as fans.

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You know what I think the real problem is with the O's? I think that they have way to many part owners for their own good. Angelos might be paying them back for the lean years.

Why in the world would you think that's what's happening or, if it is, nobody ever would have said a word about it?

FWIW, I think it's pretty clear that nobody buys a minority interest in a sports franchise in the expectation of receiving significant dividends or partnership distributions. These investments are motivated by the celebrity status and perks of being a minority owner, and maybe civic-mindedness when the initial investor group is put together, with the knowledge that it's virtually certain that down the road the sale of that interest (or of the entire franchise) will lead to a large profit on the original investment (at a lower tax rate).

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My feeling is that no one should but a sports team looking to make an operating profit. You buy a sports team because you have more money than you know what to do with, you love the sport and/or team, and view it as a hobby. Kind of like buying a boat. You know its going to cost you a boatload of money but you do it because you love it. If you make money because the team wins, great - it's like winning or even breaking even when you go to vegas. But that mentality should be the pre-requisite for anyone buying a sports team.

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