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The Baltimore OriolesAccording to The Athletic, Goldman Sachs was hired by the company to “assess prospects for selling the team.”
The team is not up for sale officially, but Future ownership of the teamIt is certain that the ownership drama in the current ownership group has put it in limbo.
Signage at the warehouse near Oriole Park in Camden Yards, Aug. 7, 2022, Baltimore
(Mitchell Layton/Getty Images)
Louis Angelos is the son of Peter Angelos and filed a lawsuit against John Angelos and Georgia in June to force the sale of his team.
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Louis argues in his lawsuit that John “has sought to seize control of his father’s estate and to completely exclude” him, the suit says.
“John’s corrupting effects have had the effect of utterly frustrating [Louis] Angelos’ intentions,” The suit was added. “John intends to maintain absolute control over the Orioles — to manage, to sell or, if he chooses, to move to Tennessee [where he has a home and where his wife’s career is headquartered] — without having to answer to anyone.”
According to the suit, Georgia also wants to sell her team when her husband is unable to work.
Exterior view of Oriole Park, Camden Yards August 15, 2003 in Baltimore.
(Jerry Driendl/Getty Images)
John said recently that the O’s will “be there.”Stay in Baltimore … as long as Fort McHenry is standing watch over the Inner Harbor.”
Georgia This was added“Any suggestion that Peter or John or I would look into moving the Club is false”
A move is unlikely especially given the circumstances Maryland’s legislature has allocated $1.2 billion for Camden Yards improvements.
Also, the Angelos family would likely not put the team up for sale, if at all, until Peter dies. If there were to be a sale of the Angelos team before that, it would likely cost the Angelos’ family a lot in taxes. Georgia will have complete control of the team without any tax.
General view of Orioles Park in Camden Yards, Baltimore, June 7, 2022
(Mark Goldman/Icon Sportswire via Getty Images
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The Washington NationalsExpect to see them go on the market in the winter. The Los Angeles Angels could also be available for sale soon.
Since 1954, the Orioles have been playing in Baltimore.
