An Orioles official said today there is “absolutely no truth” to fresh rumors that owner Peter Angelos is shopping the club.
Eric Bickel, a radio host on 106.7 The Fan in Washington, said Tuesday that he had heard Angelos was quietly discussing a sale of the Orioles. Bickel said Angelos was looking to sell the team but not his majority share in the Mid-Atlantic Sports Network, which broadcasts Orioles and Washington Nationals games.
MASN is probably worth more than the team, and the Orioles would be a significantly less appealing purchase if the network was not included, according to investment bankers familiar with the baseball industry.
Rumors that Angelos is considering a sale have become annual grist for Baltimore-area sports fans, desperate to see the Orioles end their streak of 14 straight losing seasons.Copyright © 2015, The Baltimore Sun