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


Jim'sKid26

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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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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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