Just a Rumor

[Keygans]

Just now, interloper said:

You have no way of knowing if that's true. 

Actually ,  I have a good idea.  

[Tryptamine]

9 minutes ago, Sports Guy said:

I don’t see anything on there but do see some of it is private.  What section is the thread under?  Can you link the thread?

https://metsrefugees.com/forum/index.php?threads/orioles-sold.152059/

[24fps]

1 minute ago, backwardsk said:

Huh. At a previous job I had way back, Carlyle Group bought us then sold us off. That’s what they do.

Often after making "improvements" that squeeze all the current value out of the acquisition.  JA has already accomplished a lot of that from presiding over the rebuild which is now over, although the O's are now in the add payroll phase.  Hard to make sense out of this rumor.

[interloper]

Just now, 24fps said:

Often after making "improvements" that squeeze all the current value out of the acquisition.  JA has already accomplished a lot of that from presiding over the rebuild which is now over, although the O's are now in the add payroll phase.  Hard to make sense out of this rumor.

[Keygans]

@interloper So I can’t get DMs to work while I’m at work.  I’ll message you directly later 

[LookinUp]

It's far from ideal, IMO, to have an investment firm like this purchase the O's. It's like taking a private company public. Next thing you know it's very cut throat. Everything's about the stock price (N/A in this case) or preparing the investment for future sale. 

Other than ticket and concession price increases, I'd imagine a group like this would try to find revenue through TV/Radio and ticket/merchandise sales. That's the good news because it's linked to success. They likely see an asset that's ready to grow, which has been JA's "build the farm while cutting ML costs" strategy. 

I just wonder what this means for a commitment to any team, rather than to their economic models. From that perspective, Elias is perfect for them. Even then you have to wonder if they want to pay him and his staff enough to retain them all.

[backwardsk]

I believe I own some Carlyle stock. I guess that will make me part owner of a sports franchise. Time to update my LinkedIn profile.

[Number5]

This makes me really want to see that lease signed.

[24fps]

6 minutes ago, interloper said:

Yes. They've increased payroll every year since 2020 according to Spotrac. 

 

[Number5]

1 minute ago, backwardsk said:

I believe I own some Carlyle stock. I guess that will make me part owner of a sports franchise. Time to update my LinkedIn profile.

Can you get me passes to the owner's box?

[Tryptamine]

Speaking of Carlyle stock, and this is just me reading the tea leaves, the stock is up over 6% today. Granted the entire market is having a huge day based off the inflation reports, but it's something to watch.

[backwardsk]

2 minutes ago, Number5 said:

Can you get me passes to the owner's box?

I’ll do you better. I’ll make you manager for a game. Pretty sure I have that authority.

[Pickles]

53 minutes ago, Can_of_corn said:

What makes me question this is the line about Angelos.  I don't think he's making those decisions.

 

My first thought.  If reports are to be believed, Angelos isn't deciding what he's eating for lunch at this point.

[Frobby]

I put zero credence in this rumor.  Zero.

For one thing, it was only in the last four years that MLB decided to permit investment firms to own a minority stake in a major league team.  So far as I know, investment firms are not allowed to have a majority stake in a major league team.

Now, if an individual who owns all or a large portion of the Carlyle Group, say David Rubenstein, wanted to buy an MLB team, that’s obviously permissible.  But that’s not what this rumor says.  And the part about Peter Angelo’s’ involvement in the decision is not credible.

 

Edited November 14, 2023 by Frobby

[RZNJ]

Hey, anything is possible but this part should make you really question this rumor.  It makes no sense.

What I heard is they were valued at 1.1 but they went to 1.4 because old man Angelos was refusing to sell (kids have wanted to sell for awhile), and they added another 300M to get him to agree.