At least three potential bidders have emerged for the Baltimore Orioles. Reports suggest there could be a favorable sale opportunity for the family of Peter Angelos, the 91-year-old owner of the team who is in declining health.
Angelos bought the team in 1993 for $173 million and to date, the family hasn’t hinted at a sale. Forbes recently valued the franchise at $1.4 billion.
Former team president and CEO Larry Lucchino has reportedly been approached to form an ownership group. MLB has told Orioles Hall of Famer Cal Ripken Jr. that it would like him to be part of an ownership group if the team is sold.
Recent MLB Team Sales:
2020 — $2.4 billion, New York Mets, Steve Cohen
2019 — $1 billion, Kansas City Royals, John Sherman
2017 — $1.3 billion, Miami Marlins, Bruce Sherman
2012 — $2 billion, Los Angeles Dodgers, Guggenheim Baseball Management
2012 — $800 million, San Diego Padres, Ron Fowler