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02/08/1993 Peter Angelos purchases the Baltimore Orioles for $173 million

In 1993 Angelos assembled a group of investors to purchase the Orioles from New York venture capitalist Eli Jacobs. While Angelos was the principal investor, contributing $40 million, his fellow Oriole group owners included novelist Tom Clancy, filmmaker Barry Levinson, and tennis player Pam Shriver.