Major League Baseball gave the Mets $20-25 million in financial assistance last fall

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The Mets may be a big market team but they have big financial problems. Bigger than they’ve been letting on, it seems, because the New York Times is reporting that Major League Baseball provided the Mets $20 million to cover operating expenses last fall. Or maybe it was more, because the Daily News is reporting that it was $25 million.  Either way, Fred Wilpon is a tad sensitive about it all:

Wilpon, in Florida for spring training, said on Friday that he would not talk about the team’s finances. Asked directly whether baseball had been assisting him, Wilpon walked away, saying he did not want to discuss the team’s finances with a reporter.

Remember  last year when the Rangers got help with their operating expenses? How everyone considered that to be some kind of affront to fair play and market economics and all of that?  Something tells me that a team with a $140 million payroll and its own cable network needing similar charity isn’t going to go over well.

Also: remember how Tom Hicks started out saying he was going to sell a minority interest in the team?  And then had to take money to keep afloat?  Anyone really all that confident that the Wilpons are going to avoid the same fate Hicks met?

*Correction: When I first posted this I had the headline in the future tense — as in, the league was going to provide assistance. The assistance came last fall.  Sorry for the error.

Orioles CEO, brother agree to dismiss legal dispute

Tommy Gilligan-USA TODAY Sports
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Baltimore Orioles CEO John Angelos and his brother Lou have agreed to end their fight over a lawsuit in which Lou accused John of seizing control of the team in defiance of their father Peter’s wishes.

Lou Angelos sued John last year, claiming John took control of the Orioles at his expense. Georgia Angelos, their mother, also was named as a defendant.

In a Friday court filing in the case, John, Lou, Georgia and Peter Angelos called on “all claims, including all counterclaims and defenses, asserted therein be dismissed with prejudice in their entirety.”

“The Parties also withdraw and terminate all pending motions submitted in these actions,” the filing said.

Peter Angelos became the Orioles’ owner in 1993, but his public role has diminished in recent years and he turned 93 last year. According to the suit, he had surgery after his aortic valve failed in 2017.

Lou Angelos accused John of trying to take control of Peter Angelos’ assets and manipulating Georgia Angelos. The lawsuit was one of a handful of off-field issues looming over the Orioles this offseason. The team also has a lease at Camden Yards that expires at the end of the year.