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Friday, June 10, 2022

Son of Orioles owner sues family over control of team, reveals plans to sell

The fate of the Baltimore Orioles’ ownership is heading to court.

Louis Angelos — son of owner Peter Angelos, who has suffered from serious health issues in recent years — is suing his brother, John, and mother, Georgia, court documents obtained by The Athletic on Friday show. In the complaint, Louis accuses John of taking control of the team against their father’s wishes as his health declined. The lawsuit was first reported by the Baltimore Banner.

Louis maintains that John did so by manipulating their mother, who is now 80, as he sought complete control.

“He was able to prey upon her understandable concerns about the businesses her husband had worked his entire life to build. He also preyed upon her fear of abandonment, exploding into tantrums and threatening to leave and move out of state if he did not get his way,” the suit reads. “John concealed and misrepresented the facts, feeding his mother a steady diet of half-truths and prevarications. He acted unilaterally and informed Mrs. Angelos about his unilateral actions only after the fact. He worked steadily, and stealthily, to undermine her confidence in his brother, Lou, and to exclude him from business matters at the Orioles.”

According to the suit, Georgia determined that it was in the trust’s best interest to sell the team, and that John “misled her into believing that he is working to accomplish this goal” but actually has “done everything in his power to stall and, ultimately, thwart plans to sell the club.” That allegedly includes torpedoing “interest expressed by one highly credible group of buyers.”

The suit also says John could move the team.

“John intends to maintain absolute control over the Orioles — to manage, to sell, or, if he chooses, to move to Tennessee (where he has a home and where his wife’s career is headquartered) — without having to answer to anyone,” the complaint reads.

RoyalsRetro (AG#1F) Posted: June 10, 2022 at 04:12 PM | 46 comment(s) Login to Bookmark
  Tags: orioles

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   1. RoyalsRetro (AG#1F) Posted: June 10, 2022 at 04:43 PM (#6081041)
More from The Baltimore Banner.

The suit says John Angelos “co-opted” his father’s former attorney, Chris Jones, by helping boost Jones’ daughter, an aspiring country music singer named Carter Faith. John Angelos’ wife, Margaret Valentine, runs a Nashville-based music production company that took Faith under her wing, the suit says. She has performed multiple times at Camden Yards.

In early 2020, the suit says, the Orioles learned that “an excellent deal with a credible group of buyers was ripe for development.” A sale of the team prior to Mr. Angelos’ death would have resulted in a sizeable tax hit, but a team official conceptualized a two-step sale that would enable the Angelos family to realize significant tax savings. Louis believes John nixed the deal; the buyer group came back in May 2020, and their mother had an attorney speak to her sons in an unsuccessful attempt to convince them to sell.
   2. Ziggy: social distancing since 1980 Posted: June 10, 2022 at 04:55 PM (#6081043)
I'm glad I'm not in a rich family.
   3. The Yankee Clapper Posted: June 10, 2022 at 08:26 PM (#6081089)
Geez, this looks to be a real mess that could take years to resolve. Probably some uncertainty about spending levels, and how long ownership will be around. Not good.
   4. Tom Nawrocki Posted: June 10, 2022 at 10:20 PM (#6081126)
Carter Faith is an excellent name for a country singer.
   5. Brian C Posted: June 10, 2022 at 10:25 PM (#6081132)
Sounds like each generation of Angelos is progressively worse than the one before.
   6. Howie Menckel Posted: June 10, 2022 at 10:50 PM (#6081152)
I'm glad I'm not in a rich family.


exactly.
   7. Adam Starblind Posted: June 10, 2022 at 11:03 PM (#6081166)
It’s why Succession is so interesting — they’re all miserable.
   8. Misirlou cut his hair and moved to Rome Posted: June 10, 2022 at 11:03 PM (#6081167)
In early 2020, the suit says, the Orioles learned that “an excellent deal with a credible group of buyers was ripe for development.” A sale of the team prior to Mr. Angelos’ death would have resulted in a sizeable tax hit, but a team official conceptualized a two-step sale that would enable the Angelos family to realize significant tax savings


People focus way too much on taxes. To an unhealthy extent. When I decided to move to North Carolina, the most common comment I got from people was "Why would you move to a state with an income tax?"
   9. Pat Rapper's Delight (as quoted on MLB Network) Posted: June 11, 2022 at 12:25 AM (#6081226)
"Why would you move to a state with an income tax?"

"Clearly you've never seen how high property taxes are in 'income-tax free' Texas."
   10. Bhaakon Posted: June 11, 2022 at 05:27 PM (#6081289)
Trying to determine the effective tax burden within a state is such a mess. Particularly if the state has privatized a bunch of former government responsibilities. Whatever the costs and benefits of privatizing a given service, the result is almost certainly not that it's suddenly free to citizens. The price has just been reclassified.
   11. snapper (history's 42nd greatest monster) Posted: June 11, 2022 at 06:46 PM (#6081303)
I'm glad I'm not in a rich family.

You think non-rich families don't have these issues? ######## will be ######## over $100,000 or $1B.
   12. Hombre Brotani Posted: June 11, 2022 at 10:42 PM (#6081323)
"Clearly you've never seen how high property taxes are in 'income-tax free' Texas."
A $500K home in Texas incurs more than twice the property taxes ($8,850 to $3,700) than in California. If you're making $100K, California state income taxes would cost you $5,844, so overall state taxes for this hypothetical person would be $9,544 to $8,850. The lack of a state income tax in Texas is really great for the extremely wealthy, but it's pretty meh for the middle class. There's a reason why no one else has adopted California's extreme property tax stance.

*If that $100K is filed as a married couple, then CA state income tax would go from $5,844 to $853. Adjust accordingly.
   13. Misirlou cut his hair and moved to Rome Posted: June 11, 2022 at 11:50 PM (#6081341)
A $500K home in Texas incurs more than twice the property taxes ($8,850 to $3,700) than in California. If you're making $100K, California state income taxes would cost you $5,844, so overall state taxes for this hypothetical person would be $9,544 to $8,850. The lack of a state income tax in Texas is really great for the extremely wealthy, but it's pretty meh for the middle class. There's a reason why no one else has adopted California's extreme property tax stance.


Yes. I moved from Florida. My taxes on my FL home were about the same as my NC home, but that's because of a homestead exemption. I was paying taxes on a ~$300,000 valuation (which I sold for close to $1 million) and bought a home for $800,000. So had I been paying market rate in FL, the taxes would have been much higher. My big savings was insurance. What I was paying in home and car insurance dropped by about $8,000 upon the move. 75% of that was dropping hurricane and flood insurance, but my auto insurance dropped by $2,000 for the same coverage. Still, not enough to make up for state taxes, but I don't care. I know my new home won't be (literally) under water in 10 years.
   14. Howie Menckel Posted: June 12, 2022 at 12:37 AM (#6081345)
I know my new home won't be (literally) under water in 10 years.

so not on the Outer Banks

:)

gives me shivers to think of the movie "Nights in Rodanthe" supposedly set there, with Richard Gere and Diane Lane.

reminds of Costner's "Message in a Bottle" - the whole thing goes nowhere for way too long, but you hope there's a twist - and then it's over. no twist worth waiting for. oof.

I think that M. Night guy had a movie like that. a mist or a fog or whatever and then - wait, that's it? really? can I get a refund?
   15. Fancy Pants Handle struck out swinging Posted: June 12, 2022 at 12:13 PM (#6081355)
The Happening?
   16. snapper (history's 42nd greatest monster) Posted: June 12, 2022 at 12:45 PM (#6081358)
A $500K home in Texas incurs more than twice the property taxes ($8,850 to $3,700) than in California. If you're making $100K, California state income taxes would cost you $5,844, so overall state taxes for this hypothetical person would be $9,544 to $8,850. The lack of a state income tax in Texas is really great for the extremely wealthy, but it's pretty meh for the middle class. There's a reason why no one else has adopted California's extreme property tax stance.

Isn't it highly likely that $500K buys you way more house in TX than in CA? Also, isn't the CA property tax based on how long you've owned the house? I think new buyers pay significantly more than people who've been there for 20+ years.
   17. Hombre Brotani Posted: June 12, 2022 at 05:15 PM (#6081405)
Isn't it highly likely that $500K buys you way more house in TX than in CA?
If you live in either the urban or suburban parts of California? Definitely. That's the real reason why Californians sell their homes and move: because we have money, and y'all's land is cheap.
Also, isn't the CA property tax based on how long you've owned the house?
It's based on the purchase price of the home, it's capped at 2% of the purchase price, and once it's set, it never goes up. Plus, there's an up-to $7,000 deduction on primary residences, so the effective property tax rate for most Californians is around 0.75% or so. No other state has this type of property tax structure, because it doesn't generate anywhere near enough revenue necessary to run a state, much less a giant state like California, which is why personal income tax rates are higher here.
   18. snapper (history's 42nd greatest monster) Posted: June 12, 2022 at 06:18 PM (#6081411)
If you live in either the urban or suburban parts of California? Definitely. That's the real reason why Californians sell their homes and move: because we have money, and y'all's land is cheap.

Not me. I sadly live in NY, where we have high property tax AND high income tax. If it wasn't for family ties, I'd be gone tomorrow.
   19. Gold Star - just Gold Star Posted: June 12, 2022 at 07:21 PM (#6081416)
No other state has this type of property tax structure, because it doesn't generate anywhere near enough revenue necessary to run a state, much less a giant state like California, which is why personal income tax rates are higher here.
Get bent, Howard Jarvis.
   20. Hombre Brotani Posted: June 13, 2022 at 12:52 AM (#6081455)
Pretty much, GS. The whole "voter revolt" thing simply proved that voters are ####### stupid and direct democracy is a threat to the Republic. Voters don't understand policy, they don't understand policy implications, and they'll vote for anything with the words "tax cut" in it. Prop 13 has and continues to wreak havoc upon the state budget, the public school system, infrastructure maintenance, trash collection, state parks, fire service. You know, the basic stuff that states need to deal with. It's indisputably terrible, and utterly bulletproof. We'll never be able to get rid of it.
   21. Never Give an Inge (Dave) Posted: June 13, 2022 at 01:42 AM (#6081457)
People focus way too much on taxes. To an unhealthy extent.

Yes. I have seen executives and business owners who spent way too much time, energy, and legal fees trying to optimize tax structures while the actual operations of their companies were being terribly mismanaged.

That being said, the tax code is unnecessarily complicated and encourages this type of inefficiency.
   22. snapper (history's 42nd greatest monster) Posted: June 13, 2022 at 07:59 AM (#6081464)
That being said, the tax code is unnecessarily complicated and encourages this type of inefficiency.

And, the average tax payer see precious little benefit in high tax states. The corruption and waste in NY, NJ, IL, etc. is legendary. The school districts in this country that spend the most per student are generally awful.
   23. RoyalsRetro (AG#1F) Posted: June 13, 2022 at 11:27 AM (#6081478)
John Angelos statement:


Since I was appointed Chairman and CEO according to my parents’ expressed wishes, and voted as the control person for the team by the 30 Major League Clubs, I have taken significant steps to ensure that our beloved franchise’s future remains in Charm City. Just two months ago we celebrated the Maryland General Assembly passing a bill promising to put $1.2 billion into reinvesting and reimagining the Camden Yards Sports Complex, which includes Oriole Park, ensuring the team will continue to play right here in downtown Baltimore for generations to come. Maryland is committed to keeping our team in this great state, and I am equally committed to keeping the Orioles at the heart of our state. As stewards of “The Ballpark That Forever Changed Baseball,” we will continue to strengthen our community, generate another $10 billion in economic impact for the City of Baltimore and State of Maryland, and welcome another 70 million people to downtown Baltimore over the next 30 years and beyond. There is nothing uncertain about the future of the Baltimore Orioles.

I want to assure our Orioles players and coaches, our dedicated front office Senior Leadership Team and staff, and our devoted fans, trusted partners, elected, civic, and non-profit leaders, and our entire community, that the Orioles will never leave.
   24. Tony S Posted: June 13, 2022 at 01:22 PM (#6081489)
Well, that's pretty categorical. I'm not seeing any weasel words in that statement. "The Orioles will never leave" is a lot firmer than, say "The Orioles have no current plans to relocate".

(John, how about adding "The Orioles will commit to building a long-term competitive team"?)

Regarding Prop 13, from what little I know about California politics, it seems to have been a good idea badly implemented. I do believe that it's wrong to force people out of homes they own because of a (paper) increase in their property's value (increasingly driven by speculators), and Prop 13 was an attempt to prevent that. I prefer income taxes over property taxes anyway; you can always afford to pay your income tax.
   25. Howie Menckel Posted: June 13, 2022 at 01:34 PM (#6081491)
why would any team want to leave any city that was dumb enough to give it a free stadium or arena?

(okay, the Rams did that)
   26. Never Give an Inge (Dave) Posted: June 13, 2022 at 02:29 PM (#6081507)

The school districts in this country that spend the most per student are generally awful.

Which districts spend the most per student?
   27. cHiEf iMpaCt oFfiCEr JE Posted: June 13, 2022 at 02:47 PM (#6081510)
Which districts spend the most per student?
According to this site, it's New York, followed by DC, and New Hampshire and New Jersey tied for third.

EDIT: My bad, you asked about districts. Still, anyone who claims $ is everything should take a moment to examine the education catastrophe that is DC.
   28. Never Give an Inge (Dave) Posted: June 13, 2022 at 03:34 PM (#6081514)
In answer to my own question, here is a list.* It looks pretty mixed in terms of school quality, although I don't know what the schools are like in most of those districts. I wouldn't conclude that "the districts that spend the most per pupil are generally awful", but there's clearly a lot of other factors that affect school quality, besides and probably moreso than money spent.

* There are probably issues with the accuracy of that list. For example, East Ramapo famously underfunded its public schools while spending a significant portion of their budget on services for the large number of local students (~75% of the district) who attend private religious schools.
   29. snapper (history's 42nd greatest monster) Posted: June 13, 2022 at 03:43 PM (#6081515)
In answer to my own question, here is a list. It looks pretty mixed in terms of school quality, although I don't know what the schools are like in most of those districts. I wouldn't conclude that "the districts that spend the most per pupil are generally awful", but there's clearly a lot of other factors that affect school quality, besides and probably moreso than money spent.

If you go by district count, you'll get a bunch of small rich suburban districts on the East Coat mixed in with the awful urban districts. But New York City alone has more students than any 20 of those districts combined.

The big urban districts spend two or three times what an average suburban district spends in the Mid West or South or West, and gets far worse results.

I mean, New York State spends twice what Minnesota spends, and Minnesota has the highest SAT scores in the nation, while NY is #41. Wisconsin is #2 and also spends about half what NY spends.
   30. Never Give an Inge (Dave) Posted: June 13, 2022 at 03:52 PM (#6081517)
I mean, New York State spends twice what Minnesota spends, and Minnesota has the highest SAT scores in the nation, while NY is #41. Wisconsin is #2 and also spends about half what NY spends.

Only 1% of Wisconsin students and 2% of Minnesota students take the SAT, while 55% of New York students take it. Think there's some selection bias there?

New York students significantly outperform Wisconsin and Minnesota students on the ACT, but only 9% of NY students take the ACT so I don't know how representative that is, either.
   31. Never Give an Inge (Dave) Posted: June 13, 2022 at 03:55 PM (#6081518)

Anyway, I will stick by my earlier statement that there are many other factors that determine school quality besides money spent.
   32. snapper (history's 42nd greatest monster) Posted: June 13, 2022 at 04:10 PM (#6081523)
Only 1% of Wisconsin students and 2% of Minnesota students take the SAT, while 55% of New York students take it. Think there's some selection bias there?

My bad, didn't realize they didn't take the SATs out there.

https://www.nationsreportcard.gov/profiles

Here's a better sources showing MN schools perform better than NY basically across the board.

I would guess money means next to nothing, once you pass a very minimal threshold. What matters is discipline, high expectations, and parental involvement. Charters and parochial schools suggest this heavily.
   33. Barry`s_Lazy_Boy Posted: June 13, 2022 at 04:15 PM (#6081524)
Just two months ago we celebrated the Maryland General Assembly passing a bill promising to put $1.2 billion into reinvesting and reimagining the Camden Yards Sports Complex, which includes Oriole Park, ensuring the team will continue to play right here in downtown Baltimore for generations to come.

So he landed $1.2B in corporate welfare, which makes him happy to stay in Baltimore until he can get another big swig of corporate welfare in the next runaround.
   34. The Yankee Clapper Posted: June 13, 2022 at 04:34 PM (#6081531)
That $1.2B includes the Ravens NFL stadium, which adjoins Camden Yards, so it only took half that to convince him to stay in Baltimore, along with the fact no one was offering big bucks for the Orioles to move.
   35. Hombre Brotani Posted: June 13, 2022 at 06:34 PM (#6081548)
What matters is discipline, high expectations, and parental involvement. Charters and parochial schools suggest this heavily.
Every school suggests the latter, but it's not an accident that, in California, nice areas have nice schools because schools are funded primarily through property taxes.

I live in Cerritos, CA, and in my local area school district, the big high school is Whitney High, ranked #14 nationally, the #2 high school is Cerritos High, a top #500 nationally ranked school. Not coincidentally, the typical home in Cerritos runs a bit over a million bucks. We shouldn't pretend infrastructure doesn't matter. Everything matters.
   36. snapper (history's 42nd greatest monster) Posted: June 13, 2022 at 08:13 PM (#6081575)
I live in Cerritos, CA, and in my local area school district, the big high school is Whitney High, ranked #14 nationally, the #2 high school is Cerritos High, a top #500 nationally ranked school. Not coincidentally, the typical home in Cerritos runs a bit over a million bucks. We shouldn't pretend infrastructure doesn't matter. Everything matters.

I'm pretty sure if you took the #1 school in an area, and the worst school, and swapped their student bodies (with parents of course) and changed nothing else, the formerly worse school would be near the top in short order, and the former #1 would be awful. Charters and parochial schools operate in inner cities with far, far less resources than the public schools and routinely trounce the regular public schools, and even a lot of suburban rich schools. If the kids and parents both don't care about education, they're effed, and the sooner you get them out of the schools so they don't harass and attack the students who do care, the better. Reform schools were a thing for a reason.
   37. Hombre Brotani Posted: June 13, 2022 at 08:29 PM (#6081578)
I'm pretty sure if you took the #1 school in an area, and the worst school, and swapped their student bodies (with parents of course) and changed nothing else, the formerly worse school would be near the top in short order, and the former #1 would be awful.
Oh, well, if you're SURE, then that's all I need.
If the kids and parents both don't care about education, they're effed, and the sooner you get them out of the schools so they don't harass and attack the students who do care, the better.
Literally no one disagrees with you on this. I have no idea who's mind your trying to change. Are you trying to argue that infrastructure doesn't matter at all?
   38. snapper (history's 42nd greatest monster) Posted: June 13, 2022 at 10:11 PM (#6081593)
I’d argue no school in the United States lacks sufficient infrastructure to be successful if it has students and parents committed to learning.

Lots of people disagree with me about expelling disruptive students. Many school have virtually eliminated suspensions and expulsions because they don’t correspond to preferred ideological quotas.
   39. Hombre Brotani Posted: June 13, 2022 at 11:45 PM (#6081634)
I’d argue no school in the United States lacks sufficient infrastructure to be successful if it has students and parents committed to learning.
Very hard disagree. Shame on me for letting myself go OTP again. My own fault.
   40. Tony S Posted: June 14, 2022 at 09:30 AM (#6081648)

Well, at least I have no reason to feel guilty about ignoring the fundraising appeals of my old (parochial) high school.
   41. Mr. Hotfoot Jackson (gef, talking mongoose) Posted: June 14, 2022 at 12:28 PM (#6081676)
the schools are like in most of those districts. I wouldn't conclude that "the districts that spend the most per pupil are generally awful", but there's clearly a lot of other factors that affect school quality, besides and probably moreso than money spent.


Think how much money they could have saved if they'd realized the buildings needed only a single door!
   42. Never Give an Inge (Dave) Posted: June 14, 2022 at 02:33 PM (#6081696)

My bad, didn't realize they didn't take the SATs out there.


I think the 2020 numbers were artificially depressed by the pandemic. But yes, the ACT is more common than the SAT in the Midwest in general.

The rest of it isn't really worth debating here.
   43. JL72 Posted: June 14, 2022 at 05:05 PM (#6081741)
Couple of thoughts on the school spending and public v. private schools.

Private schools get to kick out disruptive kids. Much, much harder to do in public schools.

Private schools don't have to pay for a lot of the special services. Private school students get those through the public schools. So not a fair comparison.
   44. Brian C Posted: June 14, 2022 at 07:53 PM (#6081778)
I’d argue no school in the United States lacks sufficient infrastructure to be successful if it has students and parents committed to learning.

Well no, you wouldn't "argue" it, you'd just endlessly and incoherently assert it, and hand-wave away any contrary evidence on whatever thin pretext you thought up in the moment.

And I know this because you've comically set up your thin pretext in advance here - they don't lack infrastructure "if they have students and parents committed to learning." Wtf does that even mean? It's complete nonsense and just allows you to set up endless No True Scotsman rebuttals in advance. "Oh well, sure, that school's terrible, but the big problem here is that they don't have students and parents committed to learning, duh."
   45. RoyalsRetro (AG#1F) Posted: June 15, 2022 at 10:41 AM (#6081884)
Now the mom has a statement. Thanksgiving dinner is gonna be awkward!


   46. Barry`s_Lazy_Boy Posted: June 15, 2022 at 11:10 AM (#6081894)
At my direction, John worked exhaustively and successfully for two years with Governor Larry Hogan, MSA Chairman Tom Kelso, Mayor Brandon Scott and the Legislative leadership of Maryland to pass the law to modernize Camden Yards and ensure that the Orioles remain in Baltimore in perpetuity.


At my direction, we begged for corporate welfare, and got it. EAT IT.

Guarantee that the brother says the mother didn't write that.

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