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Peter Angelos

All articles tagged with #peter angelos

sports1 year ago

"Baltimore Orioles Sold to David Rubenstein: New Era Begins for MLB Team"

Major League Baseball owners unanimously approved the sale of the Baltimore Orioles to private equity billionaire David Rubenstein and a group of investors, including Cal Ripken Jr., Michael Bloomberg, and Grant Hill, for $1.725 billion. The approval comes after the passing of former owner Peter Angelos, who bought the team in 1993. Rubenstein, a Baltimore native and lifelong Orioles fan, will now lead the franchise as they prepare to start the 2024 MLB season.

via CNN|
#baltimore-orioles#cal-ripken-jr#david-rubenstein
sports1 year ago

"Remembering the Legacy of Baltimore Orioles Owner Peter Angelos"

Peter Angelos, the longtime owner of the Baltimore Orioles, was initially hailed as a savior for the team, reviving it with big signings and a commitment to the community. However, his tenure eventually spiraled into chaos and decline, marked by erratic decisions, feuds, and a string of losing seasons. His legacy is a complex one, reflecting the intersection of personal ambition and public interest in sports ownership.

via Defector|
#baltimore-orioles#legacy#mlb
sports1 year ago

"MLB Owners to Vote on David Rubenstein's Orioles Purchase This Wednesday"

Major League Baseball owners are set to vote on David Rubenstein's purchase of the Baltimore Orioles on Wednesday, with approval expected to be a formality. Rubenstein is to become the team's lead owner with a 40 percent stake, and his ownership group is likely to acquire the remainder of the 70 percent stake owned by the Angelos family following the recent death of former owner Peter Angelos. The second acquisition will not be completed by Opening Day, but the timing of the vote is symbolic as it coincides with the start of a new season under new ownership.

via The Athletic|
#baltimore-orioles#david-rubenstein#mlb
obituary1 year ago

"Longtime Baltimore Orioles Owner Peter Angelos Passes Away at 94"

Peter Angelos, the longtime owner of the Baltimore Orioles and successful proprietor of a law firm, has passed away at the age of 94. Known for his stewardship of the Orioles and high-profile legal cases, Angelos leaves behind a legacy that includes leading the Orioles to postseason success, securing a $4.5 billion settlement against tobacco giant Philip Morris, and resisting the use of replacement players during a union strike. His impact extended beyond baseball, as he also had a political career and involvement in the horse racing industry.

via NBC News|
#baltimore-orioles#law-firm#legacy
sports1 year ago

"Longtime Orioles Owner Peter Angelos Passes Away at 94"

Peter Angelos, longtime owner of the Baltimore Orioles and successful lawyer, has passed away at the age of 94. Under his ownership, the Orioles endured both losing streaks and successes, including a postseason appearance in 2012 and a division title in 2023. Angelos was known for his hands-on approach to running the team and for his successful law firm, which won high-profile cases. He also played a role in politics and the horse racing industry. Angelos' legacy includes his philanthropy, the iconic Oriole Park at Camden Yards, and his efforts to bring the Orioles and Cuba's national team together for an exhibition series in 1999.

via ESPN|
#baltimore-orioles#legacy#mlb
sports-business-obituary1 year ago

"Remembering Peter Angelos: A Legacy with the Baltimore Orioles"

Peter Angelos, the longtime owner of the Baltimore Orioles and successful lawyer, has passed away at the age of 94. Angelos, who led a group of investors to purchase the Orioles in 1993, was known for his hands-on approach to running the team and for his shrewd legal career, which included securing a $4.5 billion settlement against tobacco giant Philip Morris. Despite the team's lack of World Series wins during his ownership, Angelos left a lasting impact on the Orioles and the city of Baltimore.

via The Associated Press|
#baltimore-orioles#baseball#law-firm
obituary1 year ago

"Longtime Orioles Owner Peter Angelos Passes Away at 94"

Peter Angelos, the longtime owner of the Baltimore Orioles and successful class-action attorney, has died at the age of 94. Known for his tough-minded and ego-driven approach, Angelos rose from a blue-collar background to amass a fortune as a lawyer before purchasing the Orioles in 1993. His ownership was marked by both successes and controversies, and his legacy includes making Orioles' ownership local and his commitment to the city of Baltimore.

via Baltimore Sun|
#baltimore#legacy#mlb
obituary1 year ago

"Remembering Peter Angelos: Orioles Owner and Advocate for the Little Guy"

Peter G. Angelos, the billionaire personal injury attorney and owner of the Baltimore Orioles, has died at the age of 94. Known for his controversial ownership of the team, Angelos was credited with keeping the Orioles in Baltimore but also faced criticism for his management style. His death comes as the deal to sell the Orioles is being finalized, marking the end of an era for the team. Angelos leaves behind a complex legacy as a prominent figure in Baltimore sports and legal circles.

via The Baltimore Banner|
#baltimore-orioles#lawyer#legacy
sports1 year ago

"Orioles' Sale Shake-Up: Valuation, Ownership Group, and State Leaders React"

The Baltimore Orioles have been sold for $1.725 billion, a valuation that has surprised industry analysts and MLB insiders who consider it to be low. The sale to a group led by David Rubenstein includes an initial purchase of 40% of the club with an option for full control after the death of current owner Peter Angelos. Potential reasons for the seemingly low valuation include frustrations over lease negotiations, cash-flow issues, and family considerations. The sale also includes the Mid-Atlantic Sports Network, and there is speculation that it may be sold to Ted Leonsis. The deal has caught Maryland state officials and other interested parties by surprise, and it remains to be seen how it will impact the valuations of other teams in the future.

via The Athletic|
#baltimore-orioles#mlb#peter-angelos
sports1 year ago

"Baltimore Orioles Sold to David Rubenstein-Led Group for $1.725B"

The Baltimore Orioles have reached an agreement to be sold to private equity billionaire David Rubenstein for $1.725 billion, with Rubenstein set to take over as the team’s control person. The sale includes the Mid-Atlantic Sports Network and is subject to MLB approval. The team's current owner, the Angelos family, has owned the Orioles since 1993, and the sale follows a period of family struggle over control. Rubenstein, a Baltimore native and philanthropist, will initially assume a 40% ownership stake with an agreement to purchase the remaining equity upon the death of family patriarch Peter Angelos. The sale comes after the Orioles recently agreed to a lease with the state of Maryland to remain in Baltimore for at least 15 years.

via Baltimore Sun|
#baltimore-orioles#david-rubenstein#mlb