Report: Goldman Sachs Hired to Assess Orioles Sale amid Angelos Family Lawsuits

Goldman Sachs was hired by the Baltimore Orioles to look at the franchise for a possible sale.

According to The Athletic's Daniel Kaplan, the team quietly made the hire because of the ongoing bitter lawsuits between members of the Angelos family.

Kaplan said the future of the Orioles ownership is up in the air with Peter Angelos currently ailing.

The Baltimore Banner reported in June that John and Georgia are being sued by Louis Angelos.

Louis claimed his father intended for the two brothers to control the Orioles together, but John manipulated his mother and restructured Peter's trust to gain full power and potentially move the team to Tennessee.

According to the lawsuit, John intends to maintain absolute control over the Orioles, without having to answer to anyone.

John said that the Orioles will never leave Baltimore.

Georgia said in a separate statement that John has her full faith and trust as well as the trust and confidence of the 29 other MLB clubs who voted to approve him as the Orioles control person.

Georgia filed a lawsuit in Baltimore County Circuit Court accusing Louis of being bitter or resentful of his older brother.

Georgia's lawsuit seeks to have Louis removed as a successor agent and hold him liable for financial exploitation of Peter, an older and susceptible adult, and conversion.

There is no certainty that the Orioles will be sold, but John and Georgia are considering options.

There will be a status conference hearing in September.

The Orioles were purchased from Eli Jacobs for $173 million in 1993. After a heart issue, he established a trust with his family.

John is the CEO of the Orioles.