Tennis star Pam Shriver and veteran sportscaster Jim McKay are among sixpeople to join a group of Maryland investors who are trying to buy theOrioles.
The group, which is led by Baltimore lawyer Peter G. Angelos, announcedthe new investors yesterday. In addition to McKay, who lives in Monkton, andShriver, a Lutherville native, they are:
Richard Rotner, who heads a commercial real-estate company in Baltimoreand Washington; Wayne Gioioso Sr., a real-estate developer in Baltimore;Edward Brush, a lawyer and businessman in Columbia; and Roger R. Blunt, aformer major general in the U.S. Army and vice chairman of the University ofMaryland Board of Regents.
Blunt, who is black, is the first member of a minority group to join theMaryland investors. He lives in Bethesda. Major League Baseball has beencriticized for its lack of minority owners.
Blunt could not be reached for comment yesterday. Shriver and McKay alsowere unavailable.
In addition to Angelos, previously announced investors in the groupinclude clothing magnate Leonard "Boogie" Weinglass, novelist Tom Clancy, filmdirector Barry Levinson and Baltimore contractor Henry J. Knott Sr.
A spokesman for the group said late yesterday that Angelos has heard from"a large number" of people who want to become investors but that Angelos onlyexpected to add one or two more partners because "there is a desire to keep itsmall."
The Angelos investors are one of five groups seeking to buy the Oriolesfrom owner Eli S. Jacobs, who entered personal bankruptcy two months ago withdebts that exceeded assets by more than $170 million.
Any sale of the Orioles must be approved by a judge in the U.S. BankruptcyCourt for the Southern District of New York, which is overseeing thereorganization of Jacobs' finances.
Last week, Jacobs filed with the court a contract to sell the team toinvestors led by Cincinnati businessman William O. DeWitt Jr., and the ownerand his creditors asked the bankruptcy judge to approve rules under which thesale of the team would be completed.
Several of the groups have been critical of the proposed rules, whichwould pay the DeWitt investors up to $3.25 million if the team is sold toother investors. Yesterday, the Angelos group filed papers with the courtobjecting to the rules and asking Judge Cornelius Blackshear not to approvethem.
Blackshear is expected to consider that issue at a hearing in New York onTuesday.
By that time, the Angelos investors may have submitted their bid for theOrioles, according to Chris Hartman, the group's spokesman. He said theMaryland group expected to file its offer with the court "in the next fewdays," and he said it would top the contract from the DeWitt group.
"It is the group's intention to exceed any other offers before the court,"Hartman said.Copyright © 2015, The Baltimore Sun