Orioles hired investment bank to assess potential sale of team: report

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The Baltimore Orioles have hired Goldman Sachs to “assess the prospects for 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 in limbo considering the drama within the current ownership group.

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

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

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

“The corrupting effect of John’s actions has been to thoroughly frustrate [Louis] Angelos’ intentions,” the suit added. “John intends to maintain absolute control over the Orioles — to manage, to…

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