The Mets are close to closing on five of those $20 million ownership stakes - MLB

The New York Daily News reports that the New York Mets are close to sealing the deal on five of the $20 million shares they’ve been trying to sell. The owners have been approved by Major League Baseball and the deals could close by the end of the month. The Daily News:

With that, the team would raise enough capital to repay $25 million owned to MLB, a $40 million bridge loan to Bank of America and other club debts and operating expenses that have emerged in the wake of the Bernie Madoff Ponzi scheme scandal.

There is a reported overall total of $350 million in debt — and the team has reportedly lost money in recent years — so that doesn’t handle everything. But it’s better than nothing.

Now, I’d just like to get a gander at the sort of person who gives the Mets $20 million for perks that are basically not much better than being a season ticket holder.

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.