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Thread: O's Are (Quietly) For Sale
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02-14-2012, 07:33 PM #49
Re: O's Are (Quietly) For Sale
Without MASN my guess is that the franchise's value is at its lowest point in decades. I wonder if the estate taxes change if Angelos simply passes on his stake in MASN as opposed to that of the team. Just at WAG (wild assed guess)...
HR, I know you dig the Junkies and I trust your judgment there.Follow me on Twitter @RSRLombardi
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02-14-2012, 07:44 PM #50
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02-14-2012, 08:54 PM #53On The Practice Squad
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Re: O's Are (Quietly) For Sale
Some posts have suggested that selling the team could save estate taxes. Estate taxes are calculated on the fair market value of all assets owned on your date of death. So if you own an $X million sports franchise or $X million in cash, your estate tax doesn't change. But if your estate won't have enough cash to pay the state taxes, you may want to sell assets before your death rather than leaving it to your heirs to deal with selling assets, especially something complicated like selling a sports franchise. Also, there has been talk about eliminating the lower capital gains tax rates, so there could be an advantage in selling a significantly appreciated asset like a sports franchise that's been held for a long time before the capital gains tax rates increase. So there are some potential reasons for PA to consider selling the Orioles now.
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02-14-2012, 09:29 PM #54
Re: O's Are (Quietly) For Sale
I hope the Junks are right...I also wish I could listen to them on the radio still, they're a much better morning show than anything we get here.
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02-14-2012, 11:27 PM #55Regular 1st Stringer
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Re: O's Are (Quietly) For Sale
PLEASE PLEASE let this be true!!!!
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02-15-2012, 12:32 AM #56
Re: O's Are (Quietly) For Sale
That may be, but it's because they won't spend, not because they don't have money.
I don't see this happening. The Orioles are a gold mine for Angelos, a license to print @#$!ing money, and even if there was some credibility to this story, taking it at face value Angelos is apparently saying he won't sell the part of the goose that's laying the golden eggs.Festivus
His definitions and arguments were so clear in his own mind that he was unable to understand how any reasonable person could honestly differ with him.
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02-15-2012, 01:14 AM #57Legendary RSR Poster
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02-15-2012, 01:21 AM #58Pro Bowl Poster
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Re: O's Are (Quietly) For Sale
this would instantly raise the attendance 10k per game easily
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02-15-2012, 01:56 AM #59
Re: O's Are (Quietly) For Sale
I seem to remember a rumor last winter sometime about Angelos in the process of selling the Orioles and that it would take around 2 years to complete the deal for whatever reason. I think it was Roy Firestone who reported it basing it on credible sources. It was a local group that included Ripken. If that was a true story we would be into the second year now so that story and this one might mean something.
Each year I have checked out more and more with baseball and the O's. I was probably more an orioles fan than either a Balt. Colts or even the Ravens (that is a tough one really its been so long). Last year I was just about 100% checked out. I might have watched 9 innings all year. I am done with the baseball until something changes with the ownership. The nice thing prior to last year for me was scalping an upperdeck ticket for about $10 and sitting in the lower deck. I'm done though at this point. Angelos could care less about putting a team out there.
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02-15-2012, 05:15 AM #60
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