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SPORTS
February 26, 1993 | From Staff and Wire Reports
Eli Jacobs agreed to sell the Baltimore Orioles for $140 million to a group of investors led by a William DeWitt, a Cincinnati oil executive, according to the Baltimore Sun.
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SPORTS
April 19, 1989
The President's son and a former vice presidential candidate officially became part owners of major league baseball teams as club owners approved the sales of the Texas Rangers and Baltimore Orioles. Ranger owner Eddie Chiles sold the team in March for $46 million to a group of Texas businessmen headed by George W. Bush, the eldest son of President Bush. Bill DeWitt Jr., whose father once owned the Cincinnati Reds, is among the minority owners. Last December, the Orioles were sold for $70 million to a partnership headed by New York businessman Eli S. Jacobs.
SPORTS
August 29, 1992 | From Staff and Wire Reports
A lawsuit alleging that Eli S. Jacobs, the principal owner of the Baltimore Orioles, is in default of a $21.3-million loan should not affect ownership of the team, his spokesman said. The Mercantile-Safe Deposit and Trust Co. is seeking repayment of a $21.3-million loan that the bank says is in default. Jacobs has 30 days from the Aug. 14 filing date to respond to the suit.
SPORTS
December 7, 1988 | ROSS NEWHAN, Times Staff Writer
The Texas Rangers continued to dominate the trade mart at baseball's winter meetings Tuesday, acquiring second baseman Julio Franco in a 4-player trade with the Cleveland Indians. The Rangers, who got Rafael Palmeiro in a 9-player trade with the Chicago Cubs Monday, exchanged outfielder Oddibe McDowell, first baseman Pete O'Brien and second baseman Jerry Browne for the 27-year-old Franco, who batted .303 in 1988 and led major league second basemen in average, hits and runs scored.
SPORTS
October 19, 1992 | From Staff and Wire Reports
Eli Jacobs, owner of the Baltimore Orioles, acknowledged that he is having financial troubles and will not be able to make interest payments to some lenders, the Baltimore Sun reported. Three banks have sued Jacobs in the past six months to recover $27 million in unpaid loans.
SPORTS
February 26, 1993 | From Staff and Wire Reports
Eli Jacobs agreed to sell the Baltimore Orioles for $140 million to a group of investors led by a William DeWitt, a Cincinnati oil executive, according to the Baltimore Sun.
SPORTS
October 19, 1992 | From Staff and Wire Reports
Eli Jacobs, owner of the Baltimore Orioles, acknowledged that he is having financial troubles and will not be able to make interest payments to some lenders, the Baltimore Sun reported. Three banks have sued Jacobs in the past six months to recover $27 million in unpaid loans.
SPORTS
August 29, 1992 | From Staff and Wire Reports
A lawsuit alleging that Eli S. Jacobs, the principal owner of the Baltimore Orioles, is in default of a $21.3-million loan should not affect ownership of the team, his spokesman said. The Mercantile-Safe Deposit and Trust Co. is seeking repayment of a $21.3-million loan that the bank says is in default. Jacobs has 30 days from the Aug. 14 filing date to respond to the suit.
SPORTS
April 19, 1989
The President's son and a former vice presidential candidate officially became part owners of major league baseball teams as club owners approved the sales of the Texas Rangers and Baltimore Orioles. Ranger owner Eddie Chiles sold the team in March for $46 million to a group of Texas businessmen headed by George W. Bush, the eldest son of President Bush. Bill DeWitt Jr., whose father once owned the Cincinnati Reds, is among the minority owners. Last December, the Orioles were sold for $70 million to a partnership headed by New York businessman Eli S. Jacobs.
SPORTS
December 7, 1988 | ROSS NEWHAN, Times Staff Writer
The Texas Rangers continued to dominate the trade mart at baseball's winter meetings Tuesday, acquiring second baseman Julio Franco in a 4-player trade with the Cleveland Indians. The Rangers, who got Rafael Palmeiro in a 9-player trade with the Chicago Cubs Monday, exchanged outfielder Oddibe McDowell, first baseman Pete O'Brien and second baseman Jerry Browne for the 27-year-old Franco, who batted .303 in 1988 and led major league second basemen in average, hits and runs scored.
SPORTS
March 30, 1993 | From Staff and Wire Reports
A group of banks has pushed Baltimore Oriole owner Eli S. Jacobs into bankruptcy proceedings, adding a new layer of uncertainty to negotiations over a possible sale of the team. The latest twist in Jacobs' prolonged financial troubles will not have a direct impact on the team's activities on the playing field.
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