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John Angelos

All articles tagged with #john angelos

sports1 year ago

"Baltimore Orioles Sold for $1.725 Billion to David Rubenstein in Major Deal"

Baltimore Orioles' owner John Angelos has agreed to sell the team to private equity billionaire David Rubenstein for $1.725 billion, with Rubenstein becoming the "control person" and Orioles legend Cal Ripken Jr. part of the investment group. The sale, pending MLB approval, could bring changes to the team's spending and pursuit of free agents. Rubenstein, a Baltimore native, has long expressed interest in owning the Orioles and is known for his love of baseball.

via New York Post |
#baltimore-orioles#david-rubenstein#john-angelos
sports1 year ago

"Baltimore Orioles Sold to David Rubenstein-Led Group for $1.725B"

Baltimore Orioles chairman and CEO John Angelos has agreed to sell the team to a group led by private equity billionaires, including David Rubenstein, with the new ownership group beginning with a stake of at least 40%. The deal, valued at $1.725 billion, will allow the group to purchase the full 70% of the club owned by the Angelos family following the death of Peter Angelos. Orioles legend Cal Ripken Jr. is part of the new ownership group, and the deal must be approved by Major League Baseball owners at their upcoming meeting in Florida.

via WBAL TV Baltimore|
#baltimore-orioles#cal-ripken-jr#david-rubenstein
sports1 year ago

"Baltimore Orioles Sold to David Rubenstein-Led Group for $1.725B, Cal Ripken Jr. Involved"

John Angelos has agreed to sell the Baltimore Orioles to a group led by David Rubenstein and including Cal Ripken Jr. The deal values the team at $1.725 billion and would need approval from MLB owners. Rubenstein, a billionaire and Baltimore native, has deep ties to the region and has given millions back to the community. Cal Ripken Jr., a Maryland native and Orioles legend, is also part of the group. Arougheti, the co-founder and CEO of Ares Management, is also part of the investment group.

via The Baltimore Banner|
#baltimore-orioles#cal-ripken-jr#david-rubenstein
sports2 years ago

Orioles Lease Deal Finally Set to be Sealed

The Baltimore Orioles are reportedly close to reaching a lease agreement that will allow them to play at Camden Yards for the 2024 season. Governor Wes Moore expressed confidence that a deal will be reached by the end of 2023. Meanwhile, rumors of a potential sale of the team continue to circulate, with John Angelos, the Orioles' executive vice president, reportedly in talks with David Rubenstein about a possible purchase. In terms of player news, the Orioles signed Craig Kimbrel, and there is speculation about potential roster moves to strengthen the rotation.

via Camden Chat|
#baltimore-orioles#camden-yards#david-rubenstein
sports2 years ago

Shohei Ohtani's $700M Dodgers contract: Worth every penny

Shohei Ohtani announced on Instagram that he will be signing with the Los Angeles Dodgers for a ten-year, $700 million deal, ending speculation that he would join the Toronto Blue Jays. Meanwhile, the Baltimore Orioles' hopes of being sold to a Baltimore-born billionaire were dashed when John Angelos, the team's owner, denied any plans to sell. Additionally, a tentative lease agreement for the Orioles' stadium was criticized by a key lawmaker, leading to further negotiations. The Orioles are still in need of a starting pitcher, but recent signals suggest they may not pursue a top-end option.

via Camden Chat|
#baltimore-orioles#john-angelos#lease-agreement
sports2 years ago

"Surprising Potential Sale: Orioles Could Have a New Owner"

Baltimore native David Rubenstein, co-founder and CEO of the Carlyle Group, a global investment firm, is reportedly in talks to buy the Baltimore Orioles. The negotiations are ongoing and a deal may be announced in the first half of next year, although it is not guaranteed. Rubenstein's potential ownership has sparked interest among Orioles fans, who hope for a change in ownership that could lead to increased spending on roster upgrades. However, other potential buyers and the Angelos family's decision to sell remain uncertain factors.

via Camden Chat|
#baltimore-orioles#david-rubenstein#john-angelos
sports2 years ago

John Angelos' Price Hike Threats Jeopardize Orioles' Young Stars

Baltimore Orioles managing partner John Angelos hinted that the team may not extend contracts for their young stars unless ticket prices are "dramatically" raised. Angelos claimed that being a small-market team in baseball is challenging and that the team would be financially underwater if they paid large contracts. However, critics argue that ownership should sell the team if it's so difficult to make it work financially. The Orioles have a promising roster with players like Adley Rutschman, Gunnar Henderson, and Grayson Rodriguez, but there have been no reports of contract extension discussions. The team's recent history of low payrolls and poor performance adds to the frustration for fans.

via CBS Sports|
#baltimore-orioles#john-angelos#mlb
sports2 years ago

Orioles' Uncertain Future at Camden Yards Raises Concerns

The Baltimore Orioles have yet to sign a new lease to stay at Camden Yards, despite optimism expressed by Maryland Governor Wes Moore. Negotiations between Orioles owner Peter Angelos' son, John Angelos, and the state have been ongoing, but a deal has not been reached. John Angelos desires a lease that includes more than $600 million in public funds for ballpark improvements; he also wants to develop an area around the park similar to The Battery Atlanta. However, the necessary land for such a project does not exist. Despite the lack of leverage, MLB Commissioner Rob Manfred has stated that the Orioles will remain in Baltimore. The Orioles' lease expires at the end of the year, and fans are hoping for a resolution before the playoffs begin.

via The Athletic|
#baltimore-orioles#camden-yards#john-angelos
sports2 years ago

Orioles' Announcer Drama Casts Shadow on Team's Image

The Baltimore Orioles' recent success on the field has been overshadowed by a controversy surrounding broadcaster Kevin Brown, who was absent from the booth for two weeks due to comments he made about the team's previous struggles. The comments, which were based on factual information provided in the team's game notes, apparently rubbed team owner John Angelos the wrong way. This incident highlights a pattern of questionable decisions by Angelos, including the dismissal of other broadcasters and a lack of transparency. Brown is expected to return to the broadcast booth soon, but the incident raises concerns about job security and the potential for misinterpretation of future comments.

via The Athletic|
#baltimore-orioles#broadcast-controversy#john-angelos