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Tuesday, May 11, 2004

O's Have Budget Concerns

The Washington Times has obtained an April 29 memo from John Angelos, son of Orioles owner Peter Angelos, in which he asked the club's business/administration, communications, corporate sales and sponsorship, sales and fan services and ballpark operations departments to review operations and propose budget cuts of 10-20%.

Thom Loverro speculates that Angelos may be positioning to sell the club after MLB announces the Expos' destination. One scenario has the Expos moving to Washington, with Angelos receiving a one-time compensation payment of approximately $50 million and then selling the Orioles.

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