HHP: MASN/Nats/Orioles case (Inside the Courtroom)

[Redskins Rick]

I don't think that is right.

According to this article he ranks #14 in MLB's richest owners. His net worth is over $1 billion. His law practice is most of his wealth, doing asbestos, tobacco, and drug claims. He was on the Forbes 400 up until a few years ago.

Forbes dropped him off the billionaire list, a couple of years ago.

its been discussed in OH before.

http://forum.orioleshangout.com/forums/showthread.php/139412-New-Forbes-Billionaire-List-out-9-Marylanders-on-it-No-Peter-Angelos

[Can_of_corn]

I don't think that is right.

According to this article he ranks #14 in MLB's richest owners. His net worth is over $1 billion. His law practice is most of his wealth, doing asbestos, tobacco, and drug claims. He was on the Forbes 400 up until a few years ago.

Last I heard they were cutting back at the law firm.

When's the last big win they have had?

[weams]

Last I heard they were cutting back at the law firm.

When's the last big win they have had?

His equity in the Orioles is the Vast majority of his wealth. He is one of the poorer owners.

[Redskins Rick]

Last I heard they were cutting back at the law firm.

When's the last big win they have had?

We are still forced to watch Angelos let's go sue somebody commercials up here, so he must be still looking for work.

[weams]

We are still forced to watch Angelos let's go sue somebody commercials up here, so he must be still looking for work.

They still need to pay the folks that are there.

[weams]

We are still forced to watch Angelos let's go sue somebody commercials up here, so he must be still looking for work.

By the way. It's free content. They pay for it by selling advertising. I've been told if I don't like it I should buy a book and sit outside and read it.

[Redskins Rick]

His equity in the Orioles is the Vast majority of his wealth. He is one of the poorer owners.

According to camdenchat, Forbes has the team debt at 33% in 2011, which was in violation of baseball debt-service rules.

http://www.camdenchat.com/2013/2/14/3985782/baltimore-orioles-finances-revenues-expenses-is-peter-angelos-cheap

[Redskins Rick]

By the way. It's free content. They pay for it by selling advertising. I've been told if I don't like it I should buy a book and sit outside and read it.

I meant out here in TV Land, in B-more area, not in OH.

[Can_of_corn]

According to camdenchat, Forbes has the team debt at 33% in 2011, which was in violation of baseball debt-service rules.

http://www.camdenchat.com/2013/2/14/3985782/baltimore-orioles-finances-revenues-expenses-is-peter-angelos-cheap

But if the team owes the money to the owner...

Always struck me as an accounting trick of some sort.

[Redskins Rick]

But if the team owes the money to the owner...

Always struck me as an accounting trick of some sort.

True, but in Angelos's case, I thought I remember that it was debt to help buy out some of his original investors.

[DrungoHazewood]

See, there's a classic case of a super-wealthy owner who nevertheless doesn't subsidize his baseball team with the revenue he earns from other businesses. So why would anyone expect Peter Angelos, who has nowhere near that level of wealth, to do so?

I'm sure Clevelanders hate their owner, too. Everyone does when their owner doesn't run the team as a loss-leader for their own personal enjoyment and ego.

[DrungoHazewood]

But if the team owes the money to the owner...

Always struck me as an accounting trick of some sort.

Not unlike revenue payments from the owners of an RSN to the same peoples' baseball team.

[mdbdotcom]

But if the team owes the money to the owner...

Always struck me as an accounting trick of some sort.

If the owner passes, and the team owes the money to his estate, his beneficiaries will think of the loan as protection of their inheritance, not an accounting trick.

[weams]

I meant out here in TV Land, in B-more area, not in OH.

Got it. Do they charge you for that channel?

[weams]

I'm sure Clevelanders hate their owner, too. Everyone does when their owner doesn't run the team as a loss-leader for their own personal enjoyment and ego.

But...Mark CUBAN!.