Major League Baseball (MLB) team owners have voted to approve John Angelos as ‘control person’ for the Baltimore Orioles, according to The Baltimore Sun.
The approval means Angelos will succeed his father, Peter Angelos, as the franchise’s top executive, signalling an official transition from the Orioles’ longstanding leadership.
Peter Angelos, 91, has owned the franchise since 1993, but is reportedly in ‘continued poor health’. Now, his son is set to take responsibility as the team’s primary contact for MLB, while he will also oversee team operations and ensure league rules are complied with.
The appointment of John Angelos follows an earlier report from The Baltimore Sun that interested buyers are preparing bids for the Orioles should the franchise be put up for sale.
Though the Angelos family have not publicly expressed interest in selling, Peter Angelos’ declining health has prompted speculation that tax laws ‘could create a favourable sale opportunity for his heirs after his death’.
At least three people have purportedly shown interest in forming bidding groups should the Angelos family welcome offers.
The Orioles are currently valued at US$1.4 billion, according to Forbes. Peter Angelos acquired the team 27 years ago for US$173 million.
Elsewhere, Kate Bosomworth and Justin Tindall, M&C Saatchi’s former chief marketing officer and chief creative officer, respectively, have launched a new agency called Platform London. Aiming to create ‘transformational brand platforms’, the agency will work across three stages, starting with creating the platform,