MLB

Longtime Orioles owner Peter Angelos dead at 94

Longtime Orioles owner Peter Angelos died on Saturday.

He was 94.

“Today, Peter G. Angelos passed away quietly at the age of 94,” the Orioles said in a statement. “Mr. Angelos had been ill for several years, and the family thanks the doctors, nurses, and caregivers who brought comfort to him in his final years.

“It was Mr. Angelos’ wish to have a private burial, and the family asks for understanding as they honor that request. Donations may be sent to charity in lieu of flowers.”

Former Orioles owner Peter Angelos
Former Orioles owner Peter Angelos REUTERS

Angelos’ son, John, recently agreed to sell the team to Carlyle Group Inc and co-founder David Rubenstein for $1.725 billion, according to ESPN.

Once that sale is finalized, Rubenstein will now be able to buy the entirety of the Angelos family’s stake in the Orioles, according to The Athletic.

The deal is awaiting final approval by MLB owners.

“I offer my deepest condolences to the Angelos family on the passing of Peter Angelos. Peter made an indelible mark first in business and then in baseball,” Rubenstein said in a statement Saturday. “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.”

Peter Angelos
Peter Angelos dies on Saturday at 94 years old. AP

Angelos had owned the Orioles for 30-plus years.

He bought the team in 1993 for a then-record of $173 million.

After growing up in East Baltimore, Angelos made his fortune as a lawyer, winning more than $1 billion in damages from asbestos companies in the 1990s, according to the Baltimore Sun, which earned him more than $300 million in commissions.