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The Baltimore Orioles have hired Goldman Sachs to “evaluate the possibilities of selling the team,” according to The Athletic.

The team is not officially up for sale, but the future of the team’s ownership is certainly uncertain given the drama within the current ownership group.

Signage at the warehouse outside Oriole Park at Camden Yards on August 7, 2022 in Baltimore.
(Mitchell Layton/Getty Images)

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Louis Angelos, son of owner Peter Angelos, filed a lawsuit in June against his brother and mother, John and Georgia, to sell the team.

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Louis argues in his lawsuit that John “wanted to seize control of his father’s estate and exclude him entirely,” the suit says.

“The corrupting effect of John’s actions has been completely discredited [Louis] Angelos’ intent,” the lawsuit added. “John wants to maintain absolute control of the Orioles — to manage, sell or, if he chooses, move to Tennessee. [where he has a home and where his wife’s career is headquartered] – without answering to anyone.”

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The lawsuit also states that Georgia wants to sell the team when her sick husband dies.

An exterior view of Oriole Park at Camden Yards in Baltimore on August 15, 2003.

An exterior view of Oriole Park at Camden Yards in Baltimore on August 15, 2003.
(Jerry Driendl/Getty Images)

However, John has recently stated that he wishes to “Stay in Baltimore … As long as Fort McHenry watches over the Inner Harbor.”

Georgia That has been added “Any suggestion that Peter, John or I would seek to move the club is false and deliberately divisive.”

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A move is unlikely, especially considering Maryland’s legislature has committed $1.2 billion to Camden Yards improvements.

The group will not be put up for sale until after Peter dies, if at all. The Angelos family would have to pay a hefty tax if an earlier sale had taken place. Full control of the Georgia team is tax exempt.

A general view of Orioles Park at Camden Yards in Baltimore on June 7, 2022.

A general view of Orioles Park at Camden Yards in Baltimore on June 7, 2022.
(Mark Goldman/ICON Sportswear via Getty Images)

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The Washington Nationals are expected to be sold this winter, while the Los Angeles Angels may also be on the market soon.

The Orioles have played in Baltimore since 1954.



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