Red Sox Spend Big With Ramirez, Sandoval Bills Say Stadium Will Be Ready For Sunday AHL Checkers Likely To Leave Hornets' Arena NFL Franchise Notes Bills Plan To Practice, Play In Buffalo This Week Rockies Brass Conducts Twitter Q&A With Fans Coyotes' Ownership Status On BOG Agenda Kings Get Salary-Cap Relief For Voynov Amid Blizzard, NFL Moves Jets-Bills To Ford Field Royals Owner Shares Offseason Insights
ANGELOS TO BUY OUT DEWITT'S ORIOLES SHARES
Published May 24, 1995
Cincinnati Investment banker William DeWitt and his partners will sell their limited interests in the Orioles to principal owner Peter Angelos for the approximately $4M originally invested. DeWitt, who "nearly became" the club's controlling owner in '93, combined with Angelos' group later that year when the Orioles were auctioned by a U.S. Bankruptcy court. Angelos said once the deal is completed, the club will be "100 percent owned by Maryland investors" (Mark Hyman, Baltimore SUN, 5/24). DeWitt attributed the reason for the sale to his proximity: "We enjoyed being a part of the franchise. But we just don't get a chance to get to Baltimore" (Mark Maske, WASHINGTON POST, 5/24).