The Peter Principles (Ch. 1): So, just how did Angelos become ‘King’ of Baltimore baseball?

March 19, 2014 | Nestor Aparicio

The Peter Principles (Ch. 1): So, just how did Angelos become ‘King’ of Baltimore baseball?

already-proven structure in place.

The DeWitt ownership team, aided by Lucchino as he oversaw the Orioles, had been working for eight months to get a deal done so they were quite deep into their relationship and trust.

Lucchino had no idea that Jacobs was on the brink of the bankruptcy so when the deal fell apart in March, he was dealing with the reality of an auction and losing control of the franchise he had built.

Now, a few months later, in an effort to refute the “out of town” label that Angelos conveniently placed on them during the spring, Lucchino recruited Harvey “Bud” Meyerhoff, John Laporte, Jim Rieppe and other executives from T.Rowe Price and Alex Brown and Sons – all legitimate local business leaders – to DeWitt’s ownership group to give it a more Baltimore flavor.

Angelos continued to insinuate publicly that the team was somehow “at risk” by being owned by an out of town group, playing to the deepest, darkest provincial fears of a corps of previously abused Baltimore sports fans.

“The control of the club will reside in Cincinnati, Ohio,” Angelos told The Sun of a potential DeWitt-owned team. “The control of the Orioles belongs in Baltimore.”

Even though the team was openly going to auction, Jacobs was still adamant that DeWitt would be the eventual owner of the team. On June 12, when he officially ceded control of the team’s destiny to the courts in bankruptcy, Jacobs issued a statement to the media: “I am proud of the Orioles and believe the club and the community have benefited enormously by the new ballpark which we helped to build for the team. I am also pleased that the DeWitt . . . group will be as committed as I have been to building this great sports franchise and retaining its home in Baltimore at Oriole Park at Camden Yards.”

With the excitement of the second season of Orioles baseball at Camden Yards underway and the promise of hosting the Major League Baseball All Star Game in July 1993, Baltimore had become an attractive centerpiece for the sport during the spring.

On June 22, 1993, Angelos’ legal team, represented by Stamas and attorney Mark Friedman, went to New York for what was to be a procedural hearing outlining the rules and terms of the bankruptcy hearing in August.  Judge Cornelius Blackshear welcomed the two prospective bidders – Angelos’ group and the group led by DeWitt’s team – and upon welcoming was told by Stamas that their group “represented the home team, and that the home team wanted to bid.”

Stamas said his group was prepared to offer $145 million. DeWitt’s attorney offered $146.25 million. Angelos’ group upped the bid to $148.1 million.

Both sides were feeling each other out, trying to seize the day in an attempt to convince Judge Blackshear to grant them a victory. Instead, with $3.1 million floating around in a matter of minutes and a responsibility to maximize the sale price on behalf of the many creditors of Jacobs, Blackshear sent both groups home to get better organized.

The date was set. On August 2, 1993, someone would emerge from Judge Blackshear’s courtroom with

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6 Comments For This Post

  1. Franchise Says:

    Nestor-

    Is the “stranger” bidder you refer to in this blog the same Jeffrey Loria (spelling Lorie) who is currently the principal owner of the Philadelphia Eagles????? or the previous owner of the Florida Marlins???

    Thanks,

    Franchise

  2. Franchise Says:

    Nestor-

    Just retribution punishment for the son of the “Chicagoan Carpetbagger” father Robert Irsay would be for Jimmy Irsay to give back all the records, history and HOF induction of 11 BALTIMORE Colt players and coaches back to the Charm City…. That includes all of the media guide propaganda in Indianapolis as well as the Canton, OH sacrilegious nonsense at the Pro Football Hall of Fame….Plus give back the horseshoe and the blue and white colors and name Colts to the City of Baltimore…Roger Goodell are you listening???…This is just punishment for Jimmy Irsay since owners should be held to higher standards….The apple does not fall far from the tree… Robert & Jimmy Irsay are one in the same…absolute garbage….But the Commissioner will simply slap him on the wrist!!!…Jimmy Irsay tried to ransom Art Modell for $44Million for the marketing rites to OUR Baltimore Colts….Voluntarily checked himself into what REHAB clinic?

    Regards,

    FRANCHISE

    Franchise

  3. unitastoberry Says:

    Franchise in the last few days I have heard many taking up for Jimmy. I had nothing against him until he was offered a sizeable amount of money to make things right and return the name to Baltimore. This was before Manning arrived to rescue the Irsays. After he turned that offer down he became garbage in my mind just like his daddy. His genes finally caught up with him and I’m glad he didn’t kill anyone driving around wasted. Sorry no sympathy for him.

  4. Steve from Sandpoint Says:

    Irsay, a A-HOLE just like his dad, wishing the worse for him !!!

  5. charlie Says:

    another important triumph in baltimore sports history, for wnst and nestor. THANKS.

  6. Go Tigers Fan Says:

    Steve from Sandpoint, you may want to check your wishes. What you wish for Irsay, someone could wish the same for YOU.

    The Colts are gone, get over it. You have the Ravens now so the past is past, the present is present.

    Robert Short stole the Senators from me so what did I do? I chose to root for the next closest team to P.G County where I lived at the time. That team I chose was the Orioles and no I don’t give a darn about the Nationals.

    My advice to you – live for the present, not the past.

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