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ORIOLES RAISE TICKET PRICES FOR NEXT YEAR
Published November 14, 1994
Orioles Owner Peter Angelos announced major ticket-price increases for next year that will add $1 to $5 to the price of more than 85% of the seats at Camden Yards. Angelos said he expects the move to be "unpopular" among ticket buyers, but said an increase was justified to recoup $15 million in strike-related losses: "We simply had no other way to go. Obviously, the financial viability of the club must be maintained for the purpose of giving Orioles fans a No. 1 baseball club." The Orioles joined the Rockies and the Yankees as the only teams to raise ticket prices for next season (Mark Hyman, Baltimore SUN, 11/13). Orioles officials said they believe the team was on course to turn an operating profit of $12M in an uninterrupted '94 season, but instead will suffer an operating loss of approximately $3M (Mark Maske, WASHINGTON POST, 11/12). The Orioles announced their plans in full-page ads in the WASHINGTON POST and the Baltimore SUN. The ad compared the O's ticket prices to those of the Redskins, Capitals, Bullets and Baltimore's CFL franchise.