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John and Georgia Angelos have hired Goldman Sachs to assess the prospects for selling the team

Jim'sKid26

By Jim'sKid26
in Orioles Talk

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Frobby Hangout Grand Counsel

Frobby

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Posted

I have witnessed what can happen to a law firm when its bank loses confidence in it.  It can go down the drain very quickly.  I’m not sure this really affects the Orioles, though.   The law firm doesn’t own the team or have any claim on its assets that I know of.   

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Sports Guy
Sports Guy

I don’t really care if it slows things or not.  Nothing is better for this franchise than getting it out of that family’s hands.     

Pickles
Pickles

Not to be contrarian, but things can always get worse.

Frobby
Frobby

I don’t understand this logic, which I hear all the time.  To me, a good team that is putting butts in seats is more valuable than a bad one that has a deteriorating brand.   Higher payroll is okay so

AnythingO's Major Leaguer

AnythingO's

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Posted

The law firm, without PA,  probably doesn't generate positive cash flow so it is a drain on family cash flow. John-Georgia say PA wanted it to close after he was gone. Louis says PA wouldn't abandon the firm's long-term lawyers out of loyalty. PA was very supportive of those loyal to him so who knows. IMHO John wants to stop supporting the law firm financially because it is a drain.

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