What's your plan for Saturday's Hangout Night at the Yard?
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It was @Tryptaminewho posted that, and you are right that he should be acknowledged. I was really skeptical about it because the original report (which @Tryptaminewas relaying from a Mets fan board) said the Carlyle Group was buying the team. That’s not permissible under MLB rules. But David Rubenstein is the co-chair and co-founder of Carlyle, so close enough! The other part of the rumor was that the original offer was $1.1 bb but that it was raised to $1.4 bb after Peter Angelos objected to selling. That also didn’t seem credible, since Peter appears to have not been mentally competent over the last 5 years. In any event, we’ll see where this goes. The original thread is here: -
By Moose Milligan · Posted
As much as I'd not like to agree with @Billy F-Face3about a lot of things, I do agree with his above post that JA can take credit for hiring Elias...and allowing Elias to do pretty much everything he wanted to do, especially establishing an international scouting presence which is something that didn't exist under his dad. If anyone wants to be honest here (I question that sometimes) when it comes to JA, it's usually something like "Yeah, he hired Elias, whatever," and they move on to whatever issue JA has ensnared himself in at the moment, probably something like giving a stupid interview like he did time and time again throughout 2023. But if Elias is one of the best things that's happened to this franchise, then JA needs to be recognized for hiring him. And retaining him thus far. Hiring and retaining good people isn't easy in any industry, especially in one like Major League Baseball. @Bemorewinsyou can't look at the last two seasons we've had, the amount of talent we have in the system and say that he's run this franchise into the ground. That's being intentionally obtuse. I get it, a lot of people here are hammers and all they see is nails, especially when it comes to all things Angelos. It's easy to bash them at every given turn because they've given us a lot of material to work with over the years but with JA it hasn't all been bad. He nailed the most important part of his stewardship of the franchise, everyone should be able to agree on that. If that makes me sound like some Angelos apologist as I'm sure @Tony-OHwill label me, well, so be it. I've been called worse. But I don't think I wrote any lies above. That doesn't mean I don't think that JA is a tone deaf trouser-snake cheapskate, I absolutely do think those things. He's terrible in front of the media, a microphone and a camera are his worst enemies. His cries about having to raise prices if they want to spend money on talent are stupid. He does strike me as someone who was born on third base and thinks he hit a triple, which is obnoxious. While I give him a lot of credit for hiring Elias, I am absolutely thrilled at the prospect of the Orioles being sold and the Angelos family going away like a fart in the wind. -
By Orioles5258 · Posted
You make a good point, they could sell Rubenstein minority interest with agreement to sell the majority stake when PA dies which locks this in and avoids the big capital gains estate tax charge. Bisciotti had a similar agreement where he came in as minority owner with an agreement to buy out the Modells at a later time. -
By Sports Guy · Posted
I can’t imagine a guy like Rubenstein would be ok with that set up. He’s not going to take orders from John Angelos. -
By ChicagoTerp · Posted
The internet was a mistake. Very promising news. Trying not to get my hopes up, but it's a step in the right direction! Side note - Is there anywhere in these 19 pages that gives credit to the poster from a few weeks back who started the thread that this may be in the works? -
By ThomasTomasz · Posted
Lots of thoughts here obviously. Bloomberg is a legit reporting place for something like this, though one would think that Rosenthal would have eyes on it too, and be the guy to break the story. Either way, I think there is a lot of fire to this rumor. All of the things we hear about the Battery style area not being able to happen around the current stadium, for whatever reason letting the lease go this far, not expanding the payroll, the MASN dispute looking like the Orioles are going to owe a lot of money to the Nationals……..there is a lot to point towards a sale. John deserves a lot of credit for getting Mike Elias in here. Peter never, ever would have done many of the things that Elias did. He would have continued to allocate all of the resources to the MLB payroll to try and win that way. However, I think we all know that there is a happy medium between the payrolls that we had now, versus the payrolls that we had in the middle of last decade, and John is just not spending it. We also know that the infrastructure changes that Elias made were 110% for the better, but that does not even come close to accounting for the discrepancy between current payroll, and payroll from 2016-17. However, I just feel that the amount of “strikes” that the team is taking off the field is probably taking it’s toll on the family, and this is something they are probably looking to divest themselves from at this point. I also wonder if Rubenstein is in talks to buy some of the Angelos family shares, but come in on the short side so that Georgia retains majority control and John is still the “control person.” -
I looked on Twitter and he hasn’t commented yet. His handle is Jonathan French if you’re interested.
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