BALTIMORE, Md. (DC News Now) -- The Baltimore Orioles confirmed in a statement that Peter G. Angelos, who owned the team since 1993, passed away on Saturday.
He was 94.
"Mr. Angelos had been ill for several years, and the family thanks the doctors, nurses, and caregivers who brought comfort to him in his final years. It was Mr. Angelos' wish to have a private burial, and the family asks for understanding as they honor that request. Donations may be sent to charity in lieu of flowers," the statement on the team's X page read.
Angelos first purchased the team for $173 million in 1993 and reached an agreement in January to sell it to the Carlyle Group Inc. co-founder David Rubenstein for $1.725 billion, according to the Associated Press.
In a post on X, Rubenstein expressed his condolences, stating:
I offer my deepest condolences to the Angelos family on the passing of Peter Angelos. Peter made an indelible mark first in business and then in baseball. The city of Baltimore owes him a debt of gratitude for his stewardship of the Orioles across three decades and for positioning the team for great success.
David M. Rubenstein