Longtime Baltimore Orioles Owner Peter Angelos Dies

In August 1993, Angelos led a group of investors that bought the Orioles. The group included writer Tom Clancy, filmmaker Barry Levinson and tennis star Pam Shriver. The price tag of $173 million — at the time the highest for a sports franchise — came in a sale forced by the bankruptcy of then-owner Eli Jacobs. Angelos assumed a hands-on approach to running his hometown team. His reputation for not spending millions on high-priced free agents belied his net worth, which in 2017 was estimated at $2.1 billion. He was 94.

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