Baltimore Orioles owner Peter Angelos died at the age of 94, the team confirmed Saturday.
Angelos had been ill for several years, turning over day-to-day control of the franchise to his son John in 2020.
"Today, Peter G. Angelos passed away quietly at the age of 94," the team said in a statement, per Roch Kubatko of MASN. "Mr. Angelos had been ill for several years, and the family thanks the doctors, nurses, and caregivers who brought comfort to him in his final years. It was Mr. Angelos' wish to have a private burial, and the family asks for understanding as they honor that request. Donations may be sent to charity in lieu of flowers."
The Angelos family has been in control of the Orioles since 1993, when Peter Angelos purchased the club for $173 million.
John Angelos recently agreed to sell the Orioles to a group led by Carlyle Group Inc. co-founder David Rubenstein for a valuation of $1.725 billion.
"I offer my deepest condolences to the Angelos family on the passing of Peter Angelos," Rubenstein tweeted Saturday.
"Peter made an indelible mark first in business and then in baseball. The city of Baltimore owes him a debt of gratitude for his stewardship of the Orioles across three decades and for positioning the team for great success."
The group will start off owning roughly a 40% stake in the club, and as part of the agreement, will buy up the remaining 60% once the sale is finalized.
