Peter G. Angelos, the owner of the Baltimore Orioles (also known as the O’s) team, passed away on Saturday at the age of 94. Angelos had been ill for several years. His family announced his death in a statement thanking the caregivers who provided comfort to him in his final years. Angelos’ death comes as his son John P. Angelos is in the process of selling the Baltimore Orioles to a group headed by Carlyle Group Inc. co-founder David Rubenstein.
“I offer my deepest condolences to the Angelos family on the passing of Peter Angelos,” Rubenstein said in a statement. “Peter made an indelible mark first in business and then in baseball. The city of Baltimore owes him a debt of gratitude for his stewardship of the Orioles across three decades and for positioning the team for great success.”
In August 1993, Angelos led a group of investors that purchased the Orioles. The group consisted of writer Tom Clancy, filmmaker Barry Levinson, and tennis star Pam Shriver. The price of $173 million was the highest at the time for a sports franchise, and the purchase was made in a sale that was forced by the bankruptcy of the previous owner, Eli Jacobs.
John Angelos serves as the President of the Mid-Atlantic Sports Network (MASN), which is a regional network that broadcasts Orioles and Washington Nationals games. MASN is jointly owned by both teams, but the Orioles have a much larger share. Meanwhile, Louis Angelos, who is the younger of the two brothers, works as an attorney at the Law Offices of Peter Angelos and represents the Orioles ownership.
Have you read?
The world’s top 50 most popular luxury brands for 2023.
Richest Tennis Players In The World.
Richest Actors In The World.
The World’s Richest People (Top Billionaires, 2023).
Revealed: Countries With The Best Health Care Systems, 2023.
Top Most Valuable Coins For Collectors Across The Globe.
Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
This report/news/ranking/statistics has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice.
No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone
else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. This publication (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine’ prior written consent.
Copyright 2024 The CEOWORLD magazine. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For media queries, please contact: info@ceoworld.biz
SUBSCRIBE NEWSLETTER
