Puck News: Orioles sold to Rubenstein

[OriolesMagic83]

I'm not impressed by how little MASN has helped the O's.  It seems on the order of $50 million goes to the O's from MASN.  Even bottom of the barrel Oakland A's that have been in the process of moving for a while receive $60 million/yr from their cable deal.

[Can_of_corn]

23 minutes ago, OriolesMagic83 said:

I'm not impressed by how little MASN has helped the O's.  It seems on the order of $50 million goes to the O's from MASN.  Even bottom of the barrel Oakland A's that have been in the process of moving for a while receive $60 million/yr from their cable deal.

Money went to the O's and money went to the owners of MASN.

I've said it before, the Angelos family squandered a real opportunity with MASN.  They went as cheap and low effort as possible.

[Roll Tide]

On 2/8/2024 at 1:16 PM, ThisIsBirdland said:

 

I guess it depends on the reporters definition of change. Hopefully it makes for smoother dealings between the two clubs. But, if she’s expecting these billionaires owners to give up their market advantage I think she’s going to be disappointed.

[health55]

Plenty of timely material for an assigned sports franchise valuation in my current sports finance course through Adley Rutschman's alma mater.

[Yardball85]

On 2/11/2024 at 7:06 PM, Can_of_corn said:

Money went to the O's and money went to the owners of MASN.

I've said it before, the Angelos family squandered a real opportunity with MASN.  They went as cheap and low effort as possible.

Pretty on brand.

[Frobby]

 

On 2/1/2024 at 2:10 PM, Going Underground said:

 The ones I don't understand yet are the three investors from the Ares group.

Apparently Ares has made a lot of investments in sports properties in recent years.  I stumbled on this two-year old article today: https://www.sportico.com/business/finance/2021/ares-invests-1-billion-sports-1234633179/

[Warehouse]

Grant Hill is a member of Ares’ advisory board for its sports and media fund. He is also a part owner of the Atlanta Hawks, whose principal owner is a co-founder of Ares management.  
 

Here is an interview with Michael Arougheti in which he talks about the purchase at the 12:50 mark. 
https://www.bloomberg.com/news/videos/2024-02-08/ares-management-ceo-on-share-price-nycb-fundraising-video?utm_source=twitter&utm_campaign=socialflow-organic&utm_content=tv&cmpid%3D=socialflow-twitter-tv&utm_medium=social 
 

Here is Ares’ perspective on sports investing: https://www.kedglobal.com/data/ked/video/ask/2021/ares-pdf-2.pdf 

 

 

[Roll Tide]

 

[SteveA]

11 minutes ago, Roll Tide said:

 

It's hard to find buyers for a fixer-upper when it's right next door to the most beautiful showroom house in the neighborhood.

[Can_of_corn]

2 minutes ago, SteveA said:

It's hard to find buyers for a fixer-upper when it's right next door to the most beautiful showroom house in the neighborhood.

NSFW

 

 

My guess is that they weren't happy with the price so they are hoping for another sale that they can comp.

[Billy F-Face3]

If I had money to burn I'd buy the Nationals and move them out of town to somewhere else far away from the Orioles that desires a MLB team, and I'd still probably manage to break even in that new market.

[wildcard]

Here is a thought.

During ST Elias will be looking to determine if and when Bradish will be able to pitch for the O's this year.  Will he be the Bradish of 2023 or something less than that?

If the answer turns out negative and teams continue the stare down with Boras for Montgomery and Snell, might the O's offer a short term deal to one  of those pitchers?   Might Rubenstein tell JA and Elias to make that move?

Rosenthal is reporting that neither Texas nor the Yankees are in a position to take on either of those two players salaries.

[MCO'sFan]

4 hours ago, wildcard said:

Here is a thought.

During ST Elias will be looking to determine if and when Bradish will be able to pitch for the O's this year.  Will he be the Bradish of 2023 or something less than that?

If the answer turns out negative and teams continue the stare down with Boras for Montgomery and Snell, might the O's offer a short term deal to one  of those pitchers?   Might Rubenstein tell JA and Elias to make that move?

Rosenthal is reporting that neither Texas nor the Yankees are in a position to take on either of those two players salaries.

While I would love for the new ownership group will open up the checkbook for some high end FA's, I'm not getting my hopes up until it happens. They can certainly afford to do it but will they?

[Frobby]

I don’t expect Rubenstein to “tell” JA and Elias to do anything.  If Elias wants to do something, perhaps JA will consult Rubenstein before giving approval.  

[maybenxtyr]

4 hours ago, wildcard said:

Here is a thought.

During ST Elias will be looking to determine if and when Bradish will be able to pitch for the O's this year.  Will he be the Bradish of 2023 or something less than that?

If the answer turns out negative and teams continue the stare down with Boras for Montgomery and Snell, might the O's offer a short term deal to one  of those pitchers?   Might Rubenstein tell JA and Elias to make that move?

Rosenthal is reporting that neither Texas nor the Yankees are in a position to take on either of those two players salaries.

The Yankees have a current offer out to Snell according to reports. They were embarrassed last season and I highly doubt that they will let money stop them. 

Someone always bails out the last few FA's each season. Baltimore needs another pitcher...I can't answer if they'll actually do it though.