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Cal Ripken to buy the Orioles from Angelos?

Discussion in 'Sports and News' started by hockeybeat, Dec 14, 2006.

  1. leo1

    leo1 Active Member

    few people have the money. that's why they create ownership groups. often in a situation like ripken's instead of buying in with cash, the celebrity 'buys in' in exchange for being the chief operating officer (or president, GM, whatever). so on paper he might only own 20 percent, but if no one else owns more than that, he'll be the owner with the largest stake and so he'll be the boss.
     
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