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ORIOLES WILL SHOW PROFIT FOR FIRST TIME UNDER ANGELOS
Published September 19, 1997
The Orioles said they will have an operating profit of "at least" $10M this year, according to Mark Maske of the WASHINGTON POST. Orioles Vice Chair/Business & Finance Joe Foss said that this will be the "first time" in Peter Angelos' four seasons as Managing General Partner that the team will turn an operating profit. The size of the Orioles' '97 operating profit "will depend upon how far they advance during the postseason" -- from $10M for one postseason home game to approximately $17M if the team advances to the World Series and plays the maximum 10 postseason home games (WASHINGTON POST, 9/19).