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…
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.
While remaining active in a law firm specializing in personal injury cases, Angelos assumed a hands-on approach to running his hometown team. 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.
At the time, Orioles shortstop Cal Ripken Jr. was only 122 games from breaking Lou Gehrig's record of 2,130 consecutive games played. The streak would have ended if the season started with replacement players and Ripken remained on strike, but the owners and players reached an agreement before opening day and Ripken ultimately ended up extending his record run to 2,632.
“He’s always had an interest in politics, especially foreign policy. That, and his involvement with baseball, made it a natural thing,” said John Angelos, a son and the Orioles’ current chairman and CEO. Though the team was rarely sensational, its home base certainly stood out. Sellout crowds were the norm after Oriole Park at Camden Yards opened in 1992. The iconic structure was built predominantly with brick, mortar and steel — much in the same fashion as old-time ballparks — and was the blueprint for other stadiums to follow.
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