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Orioles CEO sued by brother over control of team

June 10, 2022 by Houston Chronicle Leave a Comment

Baltimore Orioles CEO John Angelos was accused in a lawsuit this week of seizing control of the team at the expense of his brother Lou — and in defiance of their father Peter’s wishes.

Peter Angelos became the Orioles’ owner in 1993, but his public role has diminished in recent years and he turns 93 next month.

John Angelos is the club’s chairman and CEO, with Peter and Lou listed on the team’s website as part of its limited partnership group. In a lawsuit filed Thursday in Baltimore County Circuit Court, Lou Angelos said John has tried to take control of their father’s estate while excluding Lou.

“In 2018, (Peter) Angelos became disabled,” the suit said. “Shortly thereafter, John embarked on a series of steps to arrogate to himself complete control over Mr. Angelos’ assets. He accomplished this by manipulating his mother, Mrs. Georgia Angelos, who is now eighty years old, thereby bending her to his will.”

Lou Angelos is the plaintiff in the lawsuit. John and Georgia Angelos are defendants.

According to the suit, Peter Angelos had surgery after his aortic valve failed in 2017. Around then, he executed a revocable trust and durable power of attorney.

“A principle purpose of these documents was to ensure that Mr. Angelos’ sons worked together in support of their mother, shared decision-making and enjoyed equal rights of inheritance,” the suit said. “Mr. Angelos never intended that one son should wield control over his estate to the exclusion of his other son.”

The suit accuses John Angelos of working to undermine Georgia Angelos’ confidence in Lou, and to exclude him from the Orioles’ business matters.

“The corrupting effect of John’s actions has been to thoroughly frustrate Mr. Angelos’ intentions,” the suit said. “John intends to maintain absolute control over the…

Filed Under: Astros

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