Sun Oct 21 07:36am EDT
The Baltimore Orioles are valued at about $400 million, says John A. Moag, president of Moag and Co., a Baltimore-based investment banking firm that specializes in sports transactions. And MASN, a television network which is 90 percent owned by the team, is worth at least another $400 million, he said.
That's a far cry from the $173 million (about $240 million in today's dollars) that Angelos and his partners paid for the Orioles in 1993.
Because of the excellent fiscal health of Major League Baseball, the creation of the Mid-Atlantic Sports Network by Orioles owner Peter Angelos and the league, and the continuing adoration for Camden Yards, the Orioles are worth more than ever before, investment bankers and financial analysts say.