Tuesday October 3, 2023

Orioles’ Finances Could Become Public As Legal Feud Continues

  • Louis Angelos is seeking financial documents related to the Baltimore Orioles.
  • His mother and brother asked a court to restrict the release.
Mark J. Rebilas-USA TODAY Sports
Front Office Sports Today

NBC Could Get In On College Football Playoffs

NBC is exploring broadcasting a slice of the expanded CFP in 2026.
Listen Now
October 3, 2023 | Podcast
Copy Link
Link Copied
Link Copied

The finances of the family that owns the Baltimore Orioles could become public as its internal drama is deliberated in court.

Georgia and John Angelos, the wife and elder son of the ailing Peter Angelos, have asked a court to limit the financial information revealed by lawyers about the Orioles and Peter’s law firm. John is the Orioles’ chairman and CEO.

  • The two are being sued by John’s younger brother, Louis Angelos, who has alleged that John sought to take control over the Orioles and other family assets.
  • Louis subpoenaed documents from Goldman Sachs and Wells Fargo, including ones related to a potential sale of the family’s stake in the team. 
  • He has also sought communications with Major League Baseball commissioner Rob Manfred and other league officials. 

Georgia retained Goldman Sachs and Jones Day to provide services related to a potential sale of the team. She has argued that Peter wanted her to have control over whether the team is sold.

The Washington Nationals, which have a profit-sharing arrangement with the Orioles for their shared regional sports network MASN, are also for sale. Forbes valued the Nationals at $2 billion and the Orioles at $1.38 billion in March.

Firm Freeze

Peter Angelos Law, which is best known for asbestos litigation, is also in the middle of the family tug of war. 

An attorney for Louis Angelos said that the firm could have its assets frozen imminently due to the family’s legal struggle, which would prevent it from operating.

Copy Link
Link Copied
Link Copied

What to Read

Big-Dollar Clubs Home For MLB Playoffs, But Money Still Matters

Postseason field includes set of lower-budget upstarts

DSG Seeks Extension As Reorganization Pressure Mounts

Bankrupt RSN operator looks to file restructuring plan in late November

MLB Attendance Surges 70 Million, Tops League Projections

League posts best year-over-year increase at the gate since 1993
Michael Andretti

Andretti Clears Key Hurdle To Launch Formula 1 Team

The American racing figure is one step closer to an F1 team.
podcast thumbnail mobile
Front Office Sports Today

NBC Could Get In On College Football Playoffs


Featured Today

Football analyst and PFF investor Chris Collinsworth talks to man in front of computers

Cris Collinsworth 'Lost a Lot of Sleep' Over Pro Football Focus Leadership Issues

New book details why it’s no longer a “happy place to work.”
NBC is interested in media rights to the expanded College Football Playoff.
October 2, 2023

NBC Is Interested in Expanded College Football Playoff Media Rights

NBC is one of the networks pitching the CFP, a source confirmed.
Levi's Stadium
October 2, 2023

49ers Study Shows Benefits of Public-Private Stadium Deals

Levi’s Stadium has generated more than $2 billion per new study.
Formula 1 drivers in a pack at the start of the Montreal Grand Prix
October 1, 2023

Apple Reportedly Making Push For Global Formula 1 Rights

The tech giant could offer $2 billion a year for the rights.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations

Arbitrator Rules Panini Can Continue Selling NFLPA Products

Panini can continue to sell NFLPA-licensed products.
Mississippi tackle Michael Oher poses with his family after being selected as the number 23 overall pick to the Baltimore Ravens in the 2009 NFL Draft at Radio City Music Hall in New York City.
September 29, 2023

Judge Ends Michael Oher’s Conservatorship with Tuohy Family

Oher claims the Tuohys misrepresented their legal relationship to him.
Patrick Reed
September 27, 2023

Judge Dismisses Both of Patrick Reed’s Defamation Cases

A federal judge dismissed both of Patrick Reed’s defamation cases.
NFL concussions
September 27, 2023

The NFL’s $1B Battle Over Concussion Settlement Heats Up

The NFL is seeking at least $1.2 billion from its risk carriers.
Jacksonville Jaguars quarterback Trevor Lawrence is among the FTX endorsers who have reached a settlement for their roles in promoting the crypto exchange.
September 18, 2023

Trevor Lawrence Settles Lawsuit Over FTX Crypto Endorsement

Lawrence has settled while other FTX athlete endorsers still face lawsuits.
Lane Kiffin
September 15, 2023

Ole Miss Football Player Files $40M Lawsuit Against Lane Kiffin, School

Ole Miss coach Lane Kiffin is being sued by one of his players.
Senate Hearings
September 13, 2023

Senate Subpoenas Saudi Investment Fund Records in PGA Tour Inquiry

Senate hearing reveals deep concerns about the potential PGA Tour-LIV deal.