Puck News: Orioles sold to Rubenstein

[interloper]

1 minute ago, Going Underground said:

Probably after they do some upgrades to the stadium. Figure maybe three or four years from now 

Yeah, good point. They'll want to spiffy up the place first I'm sure. 

[Gurgi]

12 minutes ago, Roll Tide said:

 

Doing a little research on this guy and no way baseball stops the sale.  Rubenstein is as tight with his fellow billionaires as you can get.   He knows all the right people and has all the right friends.   

[accinfo]

8 minutes ago, Gurgi said:

Doing a little research on this guy and no way baseball stops the sale.  Rubenstein is as tight with his fellow billionaires as you can get.   He knows all the right people and has all the right friends.   

You bet he has been vetted for quite a while now.  Deals like this don’t happen with out much due dilegence from both sides.  I suspect by opening day he will be in full control.

 

[Roll Tide]

4 minutes ago, accinfo said:

You bet he has been vetted for quite a while now.  Deals like this don’t happen with out much due dilegence from both sides.  I suspect by opening day he will be in full control.

 

And they are saying he and Angelos wouldn’t be making statements if approval wasn’t a forgone conclusion 

Edited January 31 by Roll Tide

[interloper]

From the Banner:

Quote

“I am grateful to the Angelos family for the opportunity to join the team I have been a fan of my entire life,” Rubenstein said in a statement. “I look forward to working with all the Orioles owners, players and staff to build upon the incredible success the team has achieved in recent seasons. Our collective goal will be to bring a World Series Trophy back to the City of Baltimore. To the fans I say: we do it for you and can’t do it without you. Thank you for your support.”

John Angelos will remain in a senior advisor role with the Orioles, and the family will continue to be major investors.

What do we think about Angelos remaining a senior advisor - do we think that's indefinite, or until PA dies and Rubenstein is full majority owner, or some other scenario? 

I am impatient to fully rid the family from making any senior level decisions. 

Edited January 31 by interloper

[eddie83]

Just now, interloper said:

From the Banner:

What do we think about Angelos remaining a senior advisor - do we think that's indefinite, or until PA dies and Rubenstein is full majority owner, or some other scenario? 

I am impatient to fully rid the family from making any senior level decisions. 

You don’t pay all that money to have someone else run things. 
 

Not a concern at all for me. 

[clapdiddy]

Just now, interloper said:

From the Banner:

What do we think about Angelos remaining a senior advisor - do we think that's indefinite, or until PA dies and Rubenstein is full majority owner, or some other scenario? 

I am impatient to fully rid the family from making any senior level decisions. 

I'm guessing the biggest decisions the Angeloses will be making will be where they are picking up lunch for everyone. 

[interloper]

1 minute ago, clapdiddy said:

I'm guessing the biggest decisions the Angeloses will be making will be where they are picking up lunch for everyone. 

I guess I could see Angelos taking point on the continued push for land redevelopment, and staying out of the team aspect. But maybe even that is too much. Not sure what a senior advisor role looks like, or if it's just a nice title during transition. 

Edited January 31 by interloper

[Gurgi]

I wonder if Louis Angelos is the hero here?  He sued and said John was trying to keep the team when his father wanted it sold when he died.  I wonder if John really did try to move to Nashville or at least use the threat of moving to get a bigger sale price?  

[eddie83]

2 minutes ago, interloper said:

I guess I could see Angelos taking point on the continued push for land redevelopment, and staying out of the team aspect. But maybe even that is too much. Not sure what a senior advisor role looks like, or if it's just a nice title during transition. 

I’m sure he can be of some use until the new group gets comfortable.

It’s a nice title at the end of the day. 

[Frobby]

2 hours ago, SilentJames said:

Sports has always been a part of politics, politics has always been a part of sport. They have never been separate, the only thing that changed is who is allowed the mic. 

Fine, but Bloomberg is here as a very wealthy investor, not as a politician.   And for anyone who doesn’t know, Bloomberg is a Johns Hopkins graduate who has donated hundreds of millions of dollars to the school and the hospital.   That’s perfect for the kind of investor group we want to see.   

[Aglets]

Steve Melewski now confirming the sale on MASN website.

[TradeAngelos]

"Senior advisor" is just a way to pay Johnny a nice little salary so that he keeps his stupid mouth shut and has incentive to not screw this up in the meantime. The only say he will have is what kind of donuts to bring in. 

[eddie83]

6 minutes ago, Gurgi said:

I wonder if Louis Angelos is the hero here?  He sued and said John was trying to keep the team when his father wanted it sold when he died.  I wonder if John really did try to move to Nashville or at least use the threat of moving to get a bigger sale price?  

I think the MASN issue forced this. 
 

This guy was just on 105.7 the Fan. He is a sports business expert. 

 

[OriolesMagic83]

8 minutes ago, Gurgi said:

I wonder if Louis Angelos is the hero here?  He sued and said John was trying to keep the team when his father wanted it sold when he died.  I wonder if John really did try to move to Nashville or at least use the threat of moving to get a bigger sale price?  

Just look at the ongoing drama w/ the expected move of the Oakland A's to Los Vegas.  This has been going on for years d/t the abyssmal support the Oakland A's receive.  It's so hard to move an MLB team and there is no reality where the O's w/ Camden Yards and a loyal fanbase was ever going to move.