John Angelos chews out Dan Connolly

[waroriole]

Hopefully Buster can finally be useful for once and put some pressure on this to occur. Haven’t really seen it anywhere else, except Dan Connolly. 
 

 

Edited January 19, 2023 by waroriole

[OriolesMagic83]

On 1/16/2023 at 7:42 PM, tntoriole said:

So the only reason there was anything being announced at all was because of the Orioles donating fan generated revenue so Angelos acting like he was being accosted at mass was just his play at PR management .. which he failed. 

John Angelos will probably just say that he is doing everything possible to bring a championship to Baltimore and that the Orioles financial information is publicly available.  Maybe put something in there about the "large sums of money" he has invested in the O's.

[Frobby]

20 hours ago, interloper said:

I mean, $5 million? Chris Davis alone has donated more to this city, and he didn't put out a save-the-date about it and make all these beat reporters come out on a holiday.

Did he?   I’m aware of a $3 mm donation he made.  He may have made others, but then again, the O’s have too.  Overall I think the O’s do a good job with regard to being active in the community.
https://www.baltimoresun.com/sports/orioles/bs-sp-orioles-chris-davis-donation-maryland-childrens-hospital-20191104-4wcvuuzy3vbb3f7ejwlef63e24-story.html

I don’t have a problem with holding a press conference about this.  It gives the College Bound organization some publicity.  There were some aspects of this besides the cash donation worth discussing.   I’m sure the O’s did it for PR purposes, but that’s fine.  

[interloper]

3 hours ago, Frobby said:

Did he?   I’m aware of a $3 mm donation he made.  He may have made others, but then again, the O’s have too.  Overall I think the O’s do a good job with regard to being active in the community.
https://www.baltimoresun.com/sports/orioles/bs-sp-orioles-chris-davis-donation-maryland-childrens-hospital-20191104-4wcvuuzy3vbb3f7ejwlef63e24-story.html

I don’t have a problem with holding a press conference about this.  It gives the College Bound organization some publicity.  There were some aspects of this besides the cash donation worth discussing.   I’m sure the O’s did it for PR purposes, but that’s fine.  

It's fine if you don't flip out like a weirdo in front of the mayor and totally hijack the spotlight when it should be on the charity. 

[drjohnnyfever1]

3 hours ago, Frobby said:

Did he?   I’m aware of a $3 mm donation he made.  He may have made others, but then again, the O’s have too.  Overall I think the O’s do a good job with regard to being active in the community.
https://www.baltimoresun.com/sports/orioles/bs-sp-orioles-chris-davis-donation-maryland-childrens-hospital-20191104-4wcvuuzy3vbb3f7ejwlef63e24-story.html

I don’t have a problem with holding a press conference about this.  It gives the College Bound organization some publicity.  There were some aspects of this besides the cash donation worth discussing.   I’m sure the O’s did it for PR purposes, but that’s fine.  

29 minutes ago, interloper said:

It's fine if you don't flip out like a weirdo in front of the mayor and totally hijack the spotlight when it should be on the charity. 

This is where i am.  The press conference was maybe a bit much, tho.  Clearly, John expected to be fawned over for the donation and wanted to pontificate on the need for it otherwise the response to Dan's question would have just been, "We'll respond to ballclub issues at another time."  But in true Angelossi fashion, if there is a turd within walking distance, they step in it and sometimes circle around again for a second trod.

[OriolesMagic83]

4 hours ago, waroriole said:

Hopefully Buster can finally be useful for once and put some pressure on this to occur. Haven’t really seen it anywhere else, except Dan Connolly. 
 

 

It will be interesting to see if Baltimore media will let Angelos sweep his statement that he will show the team's financials next week under the rug.  I think there is no way that Angelos shows his financials as they will reveal how much money he is siphoning off the team.  I'm ready to eat massive crow if John Angelos "opens the books".

[Yardball85]

26 minutes ago, OriolesMagic83 said:

It will be interesting to see if Baltimore media will let Angelos sweep his statement that he will show the team's financials next week under the rug.  I think there is no way that Angelos shows his financials as they will reveal how much money he is siphoning off the team.  I'm ready to eat massive crow if John Angelos "opens the books".

Roch is willing to forget he ever said anything I'm sure!

[HakunaSakata]

5 hours ago, Frobby said:

I don’t have a problem with holding a press conference about this.  It gives the College Bound organization some publicity.  There were some aspects of this besides the cash donation worth discussing.   I’m sure the O’s did it for PR purposes, but that’s fine.  

...but at the end of the day all anyone remembers about the press conference is the John Angelos petulant billionaire rant. If anything I'd say he completely hijacked the spotlight and selfishly stole the needed attention away from the College Bound organization. That's 100% on him. 

[Can_of_corn]

5 hours ago, waroriole said:

Hopefully Buster can finally be useful for once and put some pressure on this to occur. Haven’t really seen it anywhere else, except Dan Connolly. 
 

 

Some Schmuck wrote about it.

https://www.baltimorebaseball.com/2023/01/19/schmuck-clarity-john-angelos-needed

[AnythingO's]

If John wants to open the books then I give him permission to use the following. Data for 2022 not yet available:

ME's changes are increasing Operating Costs, Payroll + Expenses is about $15-20 M above Salaries (2019 outlier). If we assume Revenue of $255 M, Operating Cost of $105 M and Payroll+ about $20 M above salaries, that leaves about $130 M for Salaries plus Operating Income (profit). What OI (profit) does John consider acceptable for a $1.375 B franchise?????

Year	Revenue	Salaries	Payroll + Expenses	Revenue - Expenses	Operating Income	Operating Cost
2014	245	110	122	123	31.4	91.6
2015	239	118.9	137	102	8.8	93.2
2016	253	147.7	162	91	-2.1	93.1
2017	252	164.3	183	69	-26	95
2018	251	143	161	90	-6.5	96.5
2019	256	61.1	103	153	57	96
2020	115	23.9	43	72	-23	95
2021	251	45.7	66	185	83	102

[OriolesMagic83]

2 hours ago, AnythingO's said:

If John wants to open the books then I give him permission to use the following. Data for 2022 not yet available:

ME's changes are increasing Operating Costs, Payroll + Expenses is about $15-20 M above Salaries (2019 outlier). If we assume Revenue of $255 M, Operating Cost of $105 M and Payroll+ about $20 M above salaries, that leaves about $130 M for Salaries plus Operating Income (profit). What OI (profit) does John consider acceptable for a $1.375 B franchise?????

Year	Revenue	Salaries	Payroll + Expenses	Revenue - Expenses	Operating Income	Operating Cost
2014	245	110	122	123	31.4	91.6
2015	239	118.9	137	102	8.8	93.2
2016	253	147.7	162	91	-2.1	93.1
2017	252	164.3	183	69	-26	95
2018	251	143	161	90	-6.5	96.5
2019	256	61.1	103	153	57	96
2020	115	23.9	43	72	-23	95
2021	251	45.7	66	185	83	102

2021 might not have been a great year for the O's on the field, but it was a great year for John Angelos at the bank.

[SemperFi]

10 hours ago, AnythingO's said:

If John wants to open the books then I give him permission to use the following. Data for 2022 not yet available:

ME's changes are increasing Operating Costs, Payroll + Expenses is about $15-20 M above Salaries (2019 outlier). If we assume Revenue of $255 M, Operating Cost of $105 M and Payroll+ about $20 M above salaries, that leaves about $130 M for Salaries plus Operating Income (profit). What OI (profit) does John consider acceptable for a $1.375 B franchise?????

Year	Revenue	Salaries	Payroll + Expenses	Revenue - Expenses	Operating Income	Operating Cost
2014	245	110	122	123	31.4	91.6
2015	239	118.9	137	102	8.8	93.2
2016	253	147.7	162	91	-2.1	93.1
2017	252	164.3	183	69	-26	95
2018	251	143	161	90	-6.5	96.5
2019	256	61.1	103	153	57	96
2020	115	23.9	43	72	-23	95
2021	251	45.7	66	185	83	102

If I remember right I ran it at the same time with 2022 included and also came up with OI (profit) of ~$80.  Remember OI should go up substantially in 2023 with $30m from Disney and increased attendance.  Funny, either Elias or JA was quoted that he expected player salaries to increase relative to attendance-no mention increased revenue from media!!

[AnythingO's]

3 hours ago, SemperFi said:

If I remember right I ran it at the same time with 2022 included and also came up with OI (profit) of ~$80.  Remember OI should go up substantially in 2023 with $30m from Disney and increased attendance.  Funny, either Elias or JA was quoted that he expected player salaries to increase relative to attendance-no mention increased revenue from media!!

The new media deal increased MLB revenue in 2022 so I expect the O's revenue to rise in 2022 somewhat plus there was the attendance increase. With the low payroll in 2022 I think you are correct that OI (profit) will likely be in that range. I expect some enterprising accountant will find a way to associate the one-time Disney money with MASN versus the MLB franchise.

[SemperFi]

3 hours ago, AnythingO's said:

The new media deal increased MLB revenue in 2022 so I expect the O's revenue to rise in 2022 somewhat plus there was the attendance increase. With the low payroll in 2022 I think you are correct that OI (profit) will likely be in that range. I expect some enterprising accountant will find a way to associate the one-time Disney money with MASN versus the MLB franchise.

Thanks, the other thing I would like to see is itemized salaries-specifically what Angelos pays himself as CEO.  

[AnythingO's]

44 minutes ago, SemperFi said:

Thanks, the other thing I would like to see is itemized salaries-specifically what Angelos pays himself as CEO.  

Gosh, it kinda sound like you are asking for "transparency", lol, ROFL, when pigs fly over the warehouse, etc.....