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Yardball85

By Yardball85
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accinfo All-Star

accinfo

Posted
Posted
3 hours ago, tntoriole said:

From the Athletic 

 

“ Peter Angelos is 93 and reportedly incapacitated. Under the MLB constitution, a spouse or lineal descendant who inherits a club is subject to 50 percent approval from the other owners. A prospective owner who is no relation — Steve Cohen when he bought for the Metsfrom the Wilpon family, for example — must meet a higher standard: 75 percent.”

 

https://theathletic.com/4170503/2023/02/09/reds-orioles-ownership-future-control/?source=user_shared_article

And the fact she has no other stream of income I doubt she would get the 50% of owners to approve her as owner.  It appears she may have no interest in owning the team anyway.  I am sure she wants to cash in on the 1.6 billion or so they are worth and enjoy the rest of her life.  I am pretty sure when PA passes the Orioles will have a new owner.  

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Can_of_corn
Can_of_corn

I just don't understand why he can't keep his mouth shut until the season is over. Is he actually this stupid? What is the benefit of doing this now?

orioles119
orioles119

At this point, he's the male equivalent of the owner in the first Major League movie.

owknows
owknows

He's actually employing Elias to enact the strategy I told you I thought he was. And I don't even think it's a bad idea. Tank... stock the farm... Get the high production years... Trade them in A

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OriolesMagic83

Posted
Posted
12 hours ago, accinfo said:

There are several reasons the Orioles won’t be allowed to move to Nashville or anywhere else.  They have a very respected ballpark with an additional $600 million available to modernize the park.  This isn’t like Oakland that just couldn’t come up with a modern ballpark.  It would be a black eye on the sport if they were allowed to be moved.  

The biggest reason is MLB doesn’t want John Angelos as an owner in the long term.  They want ownership with solid financials other than the operation of their franchise.  John Angelos had no other resource for income.  Trust me MLB wants to get rid of him as much as we do.  He is just being allowed to run the franchise because the owner is incapacitated.  That will resolve itself sooner rather than later.  

The player association doesn't want another owner doing everything on the cheap.  They would rather have another White Sox/Angels team with a bloated payroll and mediocre record than another Tampa type team.

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