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SPEROS JOINS NORTHERN VIRGINIA GROUP SCOUTING FOR A TEAM
Published September 27, 1994
Baltimore's CFL owner Jim Speros joined an investment group trying to bring a baseball franchise to Northern Virginia. But organizers still face "uncertainty over when and if baseball will expand and the possible opposition of the Orioles." The group, seeking a team through expansion or relocation, is one of nine groups that submitted expansion plans to MLB. William Collins, Chair of Virginia Baseball Club Inc., believes the current group has the "market and resources" missing from previous bids in the DC area. His group of 25 investors has a net worth of $350M and has pledged $98M to the effort. They are currently exploring five sites in the Northern VA area to build a baseball-only stadium -- all approximately 60 miles from Baltimore. Orioles Owner Peter Angelos would not say if he would fight such a move, but he expressed confidence in the loyatly of Orioles fans: "Is it something that worries me? The answer is no" (Jon Morgan, Baltimore SUN, 9/27).