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Peter Angelos Newsbeat

Tuesday, January 26, 2016

Wagner: Nationals owner says TV rights dispute is hurting team’s ability to compete

Hey, Angelos is a lot of (really bad) things but he’s not responsible for Papelbon.

The remarks by Ed Cohen, in a sworn affidavit filed late last week in a New York Supreme Court, are the strongest public comments to date by the Nationals about the dispute, which involves the amount of money paid to the team by the Mid-Atlantic Sports Network. The Orioles have a majority ownership of the shared network.

“Without this added and steady income, the Nationals cannot bring full economic confidence to investments in multi-year player contracts to keep up with the fierce competition for top players — especially when such control over finances is in the hands of a neighboring club,” Cohen said. “Delay also hamstrings the Nationals’ ability to invest in stadium and related improvements which would generate additional income and help keep the Nationals competitive.”

Cohen’s affidavit did not contain supporting documents or offer specific examples to show how the Nationals were affected in their pursuit of top players or stadium-related improvements by the TV rights fees dispute. “The delay significantly impacts the Nationals’ finances,” Cohen said.

JEe (Jason) Posted: January 26, 2016 at 08:16 PM | 0 comment(s)
  Beats: broadcasts, masn, nats, orioles, peter angelos, television market, television rights

 

 

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