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Sunday, May 05, 2019

MASN Must Pay Nationals Tens of Millions More

The Washington team won’t actually receive almost $100 million. That’s because MASN must restate its financial results for those five years, reducing its profit in order to pay the higher TV rights fees. The more money MASN pays in rights fees, the less it has available for profits.

After those and other adjustments are made, the Nationals would net somewhere between $60 million and $70 million from the decision, according to people familiar with the case.

On top of that, Governor Larry Hogan wrote to Manfred that he has paused negotiations on renovations and the ballpark lease which expires in a couple years because the MASN dispute clouds the future of the Orioles. Could the Orioles be moving back to St. Louis??

Bote Man Posted: May 05, 2019 at 03:33 AM | 4 comment(s)
  Beats: masn, money, nationals, orioles, television rights

 

 

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