The NFL is the only major sports league that has traditionally had a form of restriction on cross-ownership. However, in 1997, the league loosened its previous complete ban in favor of a new structure. NFL owners are now allowed to own franchises in the other major leagues if the other franchise is in the same city as the NFL owner's team or in a city that does not have an NFL franchise. For example, H. Wayne Huizenga is allowed to maintain majority ownership in the NFL's Dolphins, MLB's Marlins and NHL's Panthers because all of these franchises are in the same city. On the contrary, MLB's San Diego Padres owner John Moores, a native of Houston, Texas, would not be allowed to own a franchise in Houston because his Padres team is viewed as being competition for the NFL's Chargers.
I'm not even a baseball fan but I know what it's like to love a team with horrible ownership. I'm hoping this works for all the Orioles fans. It would be amazing to see one of the great franchises in baseball come back from the dead.
Not calling BS on this, but things that are too good to be true usually are. I would love for it to happen but I am curious to know what would prompt Angelos to sell now and how something like this could go on "quietly".
The team will only go down in value from now on as they continue to be terrible and less fans go to the stadium. Angelos has the steady stream of funds from MASN and apparently part of the negotiation is that Angelos wants to keep that money. If he can and ditch a team he has no interest in, he'd probably do it.
When owning the Orioles isn't profitable to him anymore Angelos will get rid of the team. Maybe now is that time?
All that said, you have to wonder why potential estate taxes that inspired Art Modell to sell to Bisciotti wouldn't be a factor with Angelos and his sons. But I've never professed to being close to a tax accountant or an estate planner.
Selling it to almost ANYONE who has a pulse would be a huge benefit! Please let this be true...