BALTIMORE — Peter Angelos, owner of a Baltimore Orioles group that sustained long losing extends and wise owner of a law company that won prominent cases versus market titans, passedaway Saturday. He was 94.
Angelos hadactually been ill for numerous years. His household revealed his death in a declaration launched by the Orioles that thanked the caretakers “who brought convenience to him in his last years.”
Angelos’ death comes as his boy, John, is in the procedure of selling the Orioles to a group headed by Carlyle Group Inc. co-founder David Rubenstein. Peter Angelos’ public function decreased substantially in his last years. According to a claim including his boys in 2022, he had surgicaltreatment after his aortic valve stoppedworking in 2017.
“I deal my inmost acknowledgements to the Angelos household on the passing of Peter Angelos,” Rubenstein stated in a declaration. “Peter made an enduring mark veryfirst in company and then in baseball. The city of Baltimore owes him a financialobligation of thankfulness for his stewardship of the Orioles throughout 3 years and for placing the group for terrific success.”
Born on the Fourth of July in 1929 and raised in Maryland by Greek immigrants, Peter Angelos increased from a blue-collar background to launch a company in his own name after getting his law degree from the University of Baltimore in 1961.
In August 1993, Angelos led a group of financiers that purchased the Orioles. The group consistedof author Tom Clancy, filmmaker Barry Levinson and tennis star Pam Shriver. The rate tag of $173 million — at the time the greatest for a sports franchise — came in a sale required by the personalbankruptcy of then-owner Eli Jacobs.
While staying active in a law company specializing in individual injury cases, Angelos presumed a hands-on technique to running his hometown group. Few gamer acquisitions were brought out without his approval, and his credibility for not costs millions on pricey totallyfree representatives belied his net worth, which in 2017 was approximated at $2.1 billion.
In 1996, his company brought a suit on behalf of the state of Maryland versus tobacco giant Philip Morris, protecting a $4.5 billion settlement. The Law Offices of Peter