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Pointing gun stock photo transparent3/11/2024 How long the team remains in Baltimore could hinge on the completion of a development agreement with the state. There are also as many as four lease options for the team that could extend the deal five years each. If all goes well, the Orioles will continue to nest at Camden Yards through the end of 2053. In reality, the 30-year term has an escape hatch. Moore, in December and recently, has described the contract as an ironclad deal that keeps the team in Baltimore for a generation. Nah, I’m not giving a pass, no matter how great the other people may be.” You took advantage of, or you tried to take advantage of people you said you cared about, and you wanted to ensure their long-term viability. You knew you weren’t going to even be there. “But when you’re asking the state for $600 million and on top of that you’re asking for more and you’re asking for development rights all in the name of we’re going to do this for Baltimore and the state of Maryland, its people and how much we love, and you knew you weren’t even going to be there. “It is a private business, and they can do what they want,” Davis said Wednesday. Additionally, the team gets lucrative development rights for areas adjacent to the stadium - with state oversight. In addition to gaining access to $600 million in state aid already set aside for improvements to the stadium, the Orioles get use of the stadium rent-free, paying only amusement and other taxes. The deal must still be approved by Major League Baseball team owners. The announcement of the sale comes a month after the team and the state reached an 11th hour agreement to keep the team in Baltimore. That was a very important component to the deal and to the negotiation.” It’s also the reason why we wanted to carve the deal that we carved that says no matter who the ownership group is that this was not going to be a chance for a person to relocate this team. “The transparency that was required, it was not there,” Moore told reporters in a brief exchange. He stopped short of using Davis’ sharper characterization. “These are the Baltimore Orioles and they’re going nowhere.”įollowing the meeting, Moore expressed “disappointment” about a lack of disclosure from the team that sales negotiations were underway. “We are thrilled because being able to keep the Orioles in Baltimore for a long period of time was a key priority for this administration, for this team, and we are very proud of the fact that the deal that this group solidified months ago means that regardless of this transaction that will never change,” said Moore. “We are very much looking forward to the continuation of a strong relationship between the state of Maryland and the Baltimore Orioles,” he said. Moore began by congratulating the Orioles’ new ownership group. Happy day,” Moore said as he began the meeting. Moore opened the meeting on a lighter note, “Maybe our luck is due to change,” he said. Maryland has had some wonderful luck with sports team owners,” Davis said, referencing the unnamed Baltimore football team owner. “It’s probably the best thing for the franchise. The treasurer compared Angelos’ ownership to Robert Irsay, the NFL owner who infamously strung along then-Mayor William Donald Schaefer (D) before loading all the Baltimore Colts’ possessions into semi-trailers and absconding with the team to Indianapolis in the middle of the night in March 1984. Also included in the ownership group is Orioles Hall of Famer Cal Ripken Jr. Just a day earlier, multiple news reports announced the pending $1.725 billion sale of the Orioles to a group led by billionaire and Baltimore native David Rubenstein. “We had a right to know given the investment we’re committing to this.” “If John can hear me now, it’s deeply disappointing and troubling that you could look your state in the eye and outright lie to us about your intentions,” Davis said, directing his comments to Angelos, who was not in attendance. The treasurer was not angry about who was buying the team but instead turned his sights on the Orioles chair and managing partner John Angelos for “lying” to state officials during a recent lease negotiation. Maryland Treasurer Dereck Davis (D) took aim at the owners of the newly-sold Baltimore Orioles, at one point comparing them to a reviled owner of football team that once played in Baltimore.ĭavis vented his spleen during a Board of Public Works meeting Wednesday. Wes Moore (right) applauded the new ownership and said he was disappointed Angelos was not more transparent. Treasurer Dereck Davis (left) accused Orioles chair and managing partner John Angelos of lying to the state about the sale of the team during lease negotiations last year.
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