October 1, 2022

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In response to The Athletic, the Baltimore Orioles employed Goldman Sachs to “consider the prospects of promoting the group”.

The group isn’t formally up on the market, however the way forward for group possession is actually in limbo given the drama within the present possession group.

Warehouse sign outside Oriole Park in Camden Yards, August 7, 2022 in Baltimore.

Warehouse signal exterior Oriole Park in Camden Yards, August 7, 2022 in Baltimore.
(Mitchell Layton/Getty Photos)

Louis Angelos, son of proprietor Peter Angelos, filed a lawsuit in June towards his brother and mom John and Georgia to drive the sale of the group.

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In his lawsuit, Louis alleges that John “tried to grab management of his father’s property and fully exclude” him, the lawsuit says.

“The corrupting impact of John’s actions was that he fully upset [Louis] Angelos’ intentions,” the lawsuit says. “John intends to keep up absolute management of the Orioles—run, promote, or, if he chooses, transfer to Tennessee. [where he has a home and where his wife’s career is headquartered] “I don’t report back to anybody.”

The lawsuit additionally states that Georgia desires to promote the group following the demise of her ailing husband.

Exterior view of Oriole Park at Camden Yards, August 15, 2003 in Baltimore.

Exterior view of Oriole Park at Camden Yards, August 15, 2003 in Baltimore.
(Jerry Drindle/Getty Photos)

Nonetheless, John lately mentioned that the O’s would “keep in Baltimore … whereas Fort McHenry stands guard over the Inside Harbor.”

Georgia added that “Any suggestion that Peter, John or I’ll look into transferring the membership is fake and intentionally divisive.”

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The transfer is unlikely, particularly provided that the Maryland legislature has allotted $1.2 billion to enhance Camden Yards.

The group additionally more than likely will not be up on the market, if in any respect, till Peter is lifeless. The Angelos household would have needed to pay a considerable amount of taxes if the sale had taken place earlier than. Georgia is in line to achieve full management of the group with out taxes.

A general view of Oriole Park at Camden Yards in Baltimore on June 7, 2022.

A normal view of Oriole Park at Camden Yards in Baltimore on June 7, 2022.
(Mark Goldman/Icon Sportswire through Getty Photos)

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The Washington Nationals are anticipated to be offered within the winter, and the Los Angeles Angels might also be in the marketplace quickly.

The Orioles have been enjoying in Baltimore since 1954.


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