Baltimore Orioles owner Peter Angelos’ son sues chairman brother and his mother

Baltimore Orioles president John Angelos and his mother, Georgia, ‘looted’ tens of millions of dollars from team owner Peter, 93, to buy a larger stake in the MLB club while protecting the assets of creditors, according to an explosive judicial file made. by the younger brother, Louis.

The allegations were made as part of an updated lawsuit against John and Georgia by Louis, who claims the couple “systematically emptied” a bank account that held more than $65 million, leaving around $400,000 several months ago.

The alleged looting of the account occurred in the five years since Peter Angelos fell ill with heart problems, according to the lawsuit obtained by the baltimore sun.

The largest transfer occurred in October 2017, when Georgia withdrew $26.75 million from the Wells Fargo account in an effort to protect the assets from a negligence lawsuit against Peter, according to the lawsuit.

Baltimore Orioles president John Angelos (left) and his mother, Georgia, ‘looted’ tens of millions of dollars from team owner Peter, 93, to buy a larger stake in the MLB club while they were protecting assets from creditors, according to an explosive. court filing by younger brother, Louis (right)

The alleged looting of the account occurred in the five years since Peter Angelos (pictured) fell ill, though his exact condition is not publicly known.

The updated claim accuses John of sending $1.7 million to a real estate attorney in Saratoga Springs, New York in 2021 to purchase a home in the area. John reportedly wired himself $2.5 million later that year to cover the purchase.

What’s more, Louis claims that John and Georgia used the stolen assets to secretly increase their stake in the Orioles by buying stock from an unnamed investor.

While it’s unclear if any of the ownership drama is affecting team operations, the Orioles have had a surprisingly quiet offseason following a year in which they emerged from five straight losing seasons to compete for a playoff spot.

In Louis’ June filing, John Angelos was accused of taking control of the team at his brother’s expense, and in defiance of his father Peter’s wishes.

Peter Angelos became owner of the Orioles in 1993, but his public role has diminished in recent years.

Orioles owner Peter Angelos pictured with his wife, Georgia, at a 1996 party at the Baltimore Symphony Orchestra

In the original lawsuit, filed in Baltimore County Circuit Court, Lou Angelos said John tried to seize control of his father’s estate while excluding Lou.

‘In 2018, [Peter] Angelos was left disabled,” the lawsuit said. ‘Shortly thereafter, John embarked on a series of steps to claim full control over Mr Angelos’ assets. He accomplished this by manipulating her mother, Mrs. Georgia Angelos, who is now eighty years old, thus bending her to her will.

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

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

“A primary purpose of these documents was to ensure that Mr. Angelos’s children would work together to support their mother, share decision-making, and enjoy equal inheritance rights,” the lawsuit says. ‘Mister. Angelos never intended for one son to exercise control over his estate to the exclusion of his other son.

The Orioles had a revival season in 2022, going 83-79 and nearly making the postseason after winning just 52 games in 2021. Baltimore followed that improvement with a quiet offseason.

The lawsuit accuses John Angelos of working to undermine Georgia Angelos’ trust in Lou and to exclude him from Orioles business affairs.

“The corrupting effect of John’s actions has been to completely thwart the intentions of Mr. Angelos,” the lawsuit says. “John intends to maintain absolute control over the Orioles: manage, sell, or, if he wishes, move to Tennessee (where he has a home and where his wife’s career is based), without having to answer to no one.”

The lawsuit did not elaborate on whether there is any significant likelihood that the team would move. She claimed that Ms. Angelos felt it was in the best interest of the trust to sell the equipment, but that John Angelos had tried to prevent it.

The suit also claims that in 2019, John Angelos ordered the firing of former Orioles outfielder Brady Anderson as part of an effort to remove people who would oppose his actions. Anderson, who spent nearly the entirety of his 15-year playing career with Baltimore, had returned to the organization, becoming vice president of baseball operations.

The Orioles had a revival season in 2022, going 83-79 and nearly making the postseason after winning just 52 games in 2021.

Baltimore has followed that improvement with a quiet offseason.