Longtime Baltimore Orioles owner Peter Angelos dies at 94 - ESPN

BALTIMORE — Peter Angelos, owner of a Baltimore Orioles team that endured long losing stretches and a shrewd proprietor of a law firm that won high-profile cases against industry titans, died Saturday. He was 94.

Angelos had been ill for several years. His family announced his death in a statement thanking the caregivers «who brought comfort to him in his final years.»

Angelos' death comes as his son John is in the process of selling the Orioles to a group headed by Carlyle Group Inc. co-founder David Rubenstein. Peter Angelos' public role diminished significantly in his final years. According to a lawsuit involving his sons in 2022, he had surgery after his aortic valve failed in 2017.

Born on the Fourth of July in 1929 and raised in Maryland by Greek immigrants, Peter Angelos rose from a blue-collar background to launch a firm in his own name after receiving his law degree from the University of Baltimore in 1961.

In August 1993, Angelos led a group of investors that bought the Orioles. The group included writer Tom Clancy, filmmaker Barry Levinson and tennis star Pam Shriver. The price tag of $173 million — at the time the highest for a sports franchise — came in a sale forced by the bankruptcy of then-owner Eli Jacobs.

While remaining active in a law firm specializing in personal injury cases, Angelos assumed a hands-on approach to running his hometown team. Few player acquisitions were carried out without his approval, and his reputation for not spending millions on high-priced free agents belied his net worth, which in 2017 was estimated at $2.1 billion.

In 1996, his firm brought a lawsuit on behalf of the state of Maryland against tobacco giant Philip Morris, securing a $4.5 billion settlement. The Law Offices of