The Baltimore Orioles announced that longtime owner Peter Angelos died Saturday at the age of 94.
Angelos and other investors purchased the franchise in 1993 for $173 million, and his sons John and Luis took over primary operations in 2019 due to poor health in recent years.
“Mr. Angelos had been ill for several years, and his family is grateful to the doctors, nurses, and caregivers who comforted him in his final years,” the team said. stated in a statement. “A private burial is Mr. Angelos’s request and the family asks for your understanding in honoring that request. In lieu of flowers, memorial contributions may be made to a charity.”
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Peter Angelos, owner of the Baltimore Orioles (Getty Images)
Immediately after purchasing the team, Angelos made the O’s a postseason contender and signed several major free agents before the 1994 season, including Rafael Palmeiro. The O’s reached the ALCS in 1996 and 1997, but missed the postseason the next 14 seasons.
This franchise is now back as one of the best teams in the league. The Orioles are coming off a 101-win season as one of the most surprising teams in the league, winning the AL East championship.
Baltimore Orioles owner Peter Angelos speaks during a press conference at baseball headquarters in New York on August 16, 2002. (Stan Honda/AFP via Getty Images)
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A young core of Adley Rutschman, Gunnar Henderson, Ryan Mountcastle and Jackson Holiday is expected to mesh well with veterans like Corbin Burns, Craig Kimbrel, Cedric Mullins and Anthony Santander. ing.
In January, the Angelos family agreed to sell the club to private equity billionaires David Rubenstein and Mike Arrogetti.The selling price is Estimated $1.725 billionOrioles legend Cal Ripken Jr. is also an investor.
The sale came after John and Lewis were engaged in a legal battle over the future of the team. Mr. Louis claimed that John and his mother, Georgia, were evicting Mr. Louis from his family’s property.
Owner Peter Angelos speaks with Cal Ripken Jr., 8, of the Baltimore Orioles, at Oriole Park at Camden Yards in Baltimore on October 6, 2001. (Focus on Sports/Getty Images)
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Rubenstein and Arrogeti will initially buy 40% of the franchise and are expected to buy the remaining 60% later. The estimated timeline for closing the transaction remains unclear.
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