Peter Angelos led a group of investors that bought the Orioles in 1993.
Peter Angelos, owner of a Baltimore Orioles team that endured long losing stretches and shrewd proprietor of a law firm that won high-profile cases against industry titans, died Saturday. He was 94.Angelos had been ill for several years. His family announced his death in a statement thanking the caregivers 'who brought comfort to him in his final years.'Angelos' death comes as his son, John, plans to sell the Orioles to a group headed by Carlyle Group Inc.
Few player acquisitions were carried out without his approval, and his reputation for not spending millions on high-priced free agents belied his net worth, which in 2017 was estimated at $2.1 billion.In 1996, his firm brought a lawsuit on behalf of the state of Maryland against tobacco giant Philip Morris, securing a $4.5 billion settlement.
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