Courtesy of Citybislist – The Baltimore Orioles are valued at $460 million, ranked 19 among 30 Major League Baseball teams, according to Forbes. That is a 12 percent increase from last year when the O’s were valued at $411 million.
Said Forbes: “The Orioles finished the 2011 season with a 69-93 mark, their 14th consecutive losing season. The team’s shoddy play on the diamond goes a long way in explaining their horrible local television ratings. Last season, the Orioles averaged 31,000 households per game on MASN/MASN2, which tied them with the Oakland Athletics for 28th out of baseball’s 30 teams in average audience size. The Orioles drew 1.76 million fans to Camden Yards last year, the fifth-lowest attendance in the major leagues.”
Peter Angelos bought the team in 1993 for $173 million. When MLB moved the Nationals to Washington D.C., Angelos secured a deal assuring him a price of at least $360 million should the franchise be sold.
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