Puck News: Orioles sold to Rubenstein

[OsFanSinceThe80s]

[Can_of_corn]

Just now, Big Mac said:

It's a market provision to prevent minority holders from blocking a sale of a business.  I'd be absolutely shocked if the partnership agreement doesn't include a mechanism like that. 

Crazy to me that I could buy something 30 years ago and be forced to sell it at a price I didn't negotiate.

But like I said, not my area of study.

[LookitsPuck]

Private equity always give me pause. They can be vultures. Hope they don’t run the team like they do their PE firms.

Edited January 30 by LookitsPuck

[bpilktree]

If they are paying 1.725 billion I assume it is full control as that is already over the value of the team.  

[Dr. Unk]

Any legitimacy to that page? 

[24fps]

2 minutes ago, Roll Tide said:

 

I think this is most likely good news on the payroll front along with everything else, but remember that private equity companies are not known for spending like drunken sailors for the benefit of their customers.  I'm hoping that Rubenstein and his partner are looking at the O's as a passion project and not a source of short-term profit.

[Can_of_corn]

Just now, bpilktree said:

If they are paying 1.725 billion I assume it is full control as that is already over the value of the team.  

That could include MASN.

If the Royals went for a billion in 2019...

[RZNJ]

2 minutes ago, wildbillhiccup said:

All of us as soon as one of the big national reporters confirms this report. 

 

You had time to get out and make a video?   I would have chosen boxer briefs but well done.

[RVAOsFan]

Wow, is this really happening? 

[Big Mac]

1 minute ago, Can_of_corn said:

Crazy to me that I could buy something 30 years ago and be forced to sell it at a price I didn't negotiate.

But like I said, not my area of study.

They probably have rights to contest the purchase price, obtain their own appraisals, etc.  There are usually a lot of guardrails built in and the terms get heavily negotiated when the investment is made. 

[Remember The Alomar]

2 minutes ago, Dr. Unk said:

Any legitimacy to that page? 

John Ourand is considered one of the best sports business journalists in the country. Don't think he'd want to blow up his career unless he was 100 percent certain. 

[LookitsPuck]

Just now, 24fps said:

I think this is most likely good news on the payroll front along with everything else, but remember that private equity companies are not known for spending like drunken sailors for the benefit of their customers.  I'm hoping that Rubenstein and his partner are looking at the O's as a passion project and not a source of short-term profit.

Bingo. PE rarely care about customers or fans. They only care about profit and stripping companies down to their bones. I hope Rubinstein operates differently as an owner than his PE firm background. 

[Can_of_corn]

1 minute ago, RZNJ said:

You had time to get out and make a video?   I would have chosen boxer briefs but well done.

Even had time to change into a clean pair.

[jabba72]

14 minutes ago, OsFanSinceThe80s said:

Been listening to 105.7 David Rubenstein and his business partner are buying a 40% stake in the Orioles. They will purchase the remaining 60% of the team upon Peter Angelos passing. 

Well i Hope that means they are the control guys as well, not just minority owners under John.

[sevastras]

I hope this is true with the ancillary benefit of possibly not having to have the Cease thread continuously at the top of the board with nothing going on other than speculation.