Bloomberg: Carlyle Group/David Rubenstein In Talks To Purchase Orioles

[Moose Milligan]

1 hour ago, 24fps said:

A chance for what?  General Motors Stadium at Camden Yards?

Do it. 

[24fps]

31 minutes ago, Moose Milligan said:

Do it. 

I was making a joke, but in all seriousness, once PA dies I predict that will happen very quickly.

[OriolesMagic83]

1 hour ago, 24fps said:

I was making a joke, but in all seriousness, once PA dies I predict that will happen very quickly.

Oh it will be great when PA meets Jesus.

[jrobb21613]

Awful lot of capital gains tax their going to have to pay. I would of thought they would wait until Peter passed so they get the step up basis.

[orioles119]

5 hours ago, 24fps said:

A chance for what?  General Motors Stadium at Camden Yards?

I don't care if its Natty Boh Stadium at Camden Yards - as long as there's nary an Angelos in position to own the team.

[OriolesMagic83]

2 hours ago, jrobb21613 said:

Awful lot of capital gains tax their going to have to pay. I would of thought they would wait until Peter passed so they get the step up basis.

It could be that he is about to pass but the Angelos family doesn't want to make that public knowledge.

[Sports Guy]

3 hours ago, 24fps said:

I was making a joke, but in all seriousness, once PA dies I predict that will happen very quickly.

As it should 

[DenaOsHon]

I could care less what they name the stadium it will always be Camden Yards to me

[Sports Guy]

22 minutes ago, DenaOsHon said:

I could care less what they name the stadium it will always be Camden Yards to me

That’s exactly right. 

[OsFanSinceThe80s]

4 hours ago, Moose Milligan said:

Do it. 

If it means signing Gunnar and Holliday to contract extensions they can bring back the bullpen car to plug GM vehicles every time there’s a pitching change for all I care. 

[ThisIsBirdland]

I haven’t seen this reported elsewhere but can anyone with a legal background comment? Would this essentially finalize the dispute? Maybe interesting timing with the sale discussions if so. 

[Frobby]

7 minutes ago, ThisIsBirdland said:

I haven’t seen this reported elsewhere but can anyone with a legal background comment? Would this essentially finalize the dispute? Maybe interesting timing with the sale discussions if so. 

What this means is that, out of public view, there has been an arbitration regarding the rights fees for 2017-21.   The previous one, covering 2012-16, was the one that was litigated to death for almost a decade.   The stipulation to confirm the award signifies that neither party plans to contest this arbitration award covering the latter period.   The amount is very similar to the previous period.   

Either party can still contest any arbitration award covering any later period.  In theory, an arbitration covering 2022-26 (or just an agreement between the parties) already should have happened.   Maybe it has, and the public hadn’t been told.  The methodology to determine rights fees going forward seems pretty well settled now.  So maybe this really is about over now.  

[WarehouseChatter]

Looks to me like a mere formality stating that Orioles don’t agree with the ruling but will abide by it. 

[DenaOsHon]

No expert but this could explain a potential sale or minority stake in the team. Orioles may need the cash. That’s a lot of loot! 

[waroriole]

41 minutes ago, Frobby said:

What this means is that, out of public view, there has been an arbitration regarding the rights fees for 2017-21.   The previous one, covering 2012-16, was the one that was litigated to death for almost a decade.   The stipulation to confirm the award signifies that neither party plans to contest this arbitration award covering the latter period.   The amount is very similar to the previous period.   

Either party can still contest any arbitration award covering any later period.  In theory, an arbitration covering 2022-26 (or just an agreement between the parties) already should have happened.   Maybe it has, and the public hadn’t been told.  The methodology to determine rights fees going forward seems pretty well settled now.  So maybe this really is about over now.  

Seems like the kind of thing a new owner would want determined before agreeing to purchase.