The lawsuits that have revealed the Angelos family’s struggles over the control and future of the Orioles laid out preparations for a sale of the team, including the hiring of a law firm and investment bank, but team chairman and CEO John Angelos wants to retain his family’s control of the club, according to people familiar with his thinking.
Angelos, 55, prefers to sell a piece of the Orioles while continuing to retain his family’s majority control, two people told The Baltimore Sun in interviews. His ailing father, Peter Angelos, led a group that bought the club in 1993 and owns a clear majority of the shares, but it’s not publicly known how much more than 51% is in his hands.
John Angelos supports keeping the club under its local ownership, avoiding the upheaval of an ownership change and building on the success of a team that has a top-ranked minor league system and is in the surprising position of contending for a postseason berth, they said.
