One of yesterdays top stories was a Bloomberg report that private equity mogul David Rubenstein had with the Angelos family about purchasing some portion of the Orioles. It comes at a time of ongoing uncertainty about the franchises lease at Camden Yards, Jyrki Lumme Jersey which runs through December 31. In late September, the Orioles and the Maryland governors office jointly announced a non-binding memorandum of understanding that would, if approved, extend the Camden Yards lease by 30 years. As part of that framework, the Os would receive a 99-year development rights agreement to build around the stadium with visions of a ballpark village. That latter aspect has found some pushback in the state legislature. Rubensteins reported discu sions about the franchise only made the situation more complex. State senator Bill Ferguson released a statement on Friday afternoon expre sing opposition to the memorandum. Fundamentally, I believe that the long-term lease for the use of the ballpark should not be conditioned on whether or not a private owner receives a 99-year ground lease to develop land owned by Maryland taxpayers. This is more relevant today, as recent news has heightened uncertainties about the future ownership of the team , Ferguson said ( ). write that while the governors office and the Orioles had reached a tentative 30-year lease agreement, the governor has put that on hold in response to Fergusons comments. According to the Sun, the governors office had been briefing elected officials about the framework of the lease agreement as recently as this morning. Once Ferguson made his statement in the afternoon, the governors office reversed course and halted the deal. Neither the governor nor the Orioles made any public announcement. Whether Ferguson would have intervened if not for the reported discu sions between Rubenstein and the Angelos family isnt clear. (The Sun notes that Ferguson had expre sed opposition to giving the Os land development rights as far as back as August.) Still, it seems the Bloomberg report played some role in the renewed opposition. write that Fergusons concerns were heightened by the po sibility of an ownership change. To that end, the Angelos family has sought to downplay that po sibility. Kostka and Wood report that Os chairman John Angelos spoke with Maryland governor Wes Moore on Thursday night and rea sured him the family had no plans to sell a majority stake in the franchise. The Sun observes that the Angelos family would be subject to notable capital gains taxes if they sell while longtime owner Peter Angelos, 94, remains alive. The respective reports from The Sun and The Banner contain myriad details about the lease framework that seemed to be in place before the governors offices change of heart. Next steps arent entirely clear, but it stands to reason the sides will act quickly to try to modify the agreement to overcome the legislatures objections before years end. Ty Glover Jersey
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