Longtime Baltimore Orioles Owner Peter Angelos Passes Dead at 94

Peter Angelos, the longtime owner of the Baltimore Orioles, passed away at the age of 94 on March 23, 2024, at the Greater Baltimore Medical Center.

Angelos had battled illness for several years, and his family confirmed his passing in a statement released by the Orioles.

The statement expressed gratitude to the caregivers who provided comfort to Angelos in his final years.

His death coincides with the ongoing process of selling the Orioles to a group led by Carlyle Group Inc. co-founder David Rubenstein, as his son, John, oversees the transition.

In recent years, Peter Angelos had taken a step back from public life. A 2022 lawsuit involving his sons revealed that he underwent surgery in 2017 after his aortic valve failed.

Rubenstein extended his condolences to the Angelos family, acknowledging Peter’s significant impact both in business and baseball. Under Angelos’ stewardship, the Orioles experienced notable successes, and Rubenstein praised him for positioning the team for further achievements.

Born on July 4, 1929, and raised in Maryland by Greek immigrants, Peter Angelos defied his blue-collar background to establish his law firm after earning his degree from the University of Baltimore in 1961.

In August 1993, Angelos led a consortium of investors, including notable figures like writer Tom Clancy and filmmaker Barry Levinson, to purchase the Orioles for $173 million.

Known for his hands-on approach, Angelos played a pivotal role in the team’s operations, often making key decisions on player acquisitions.

Despite his reputation for cautious spending, his net worth, estimated at $2.1 billion in 2017, reflected his significant financial standing.

Outside of baseball, Angelos also ventured into the horse racing industry, owning several horses, including one named after his Orioles manager, Showalter, which won its debut race at Laurel Race Course in 2015.

Peter Angelos leaves behind a lasting legacy, not only as a successful businessman but also as a key figure in Baltimore’s sports history.