Angelos connection aided deal

Attorney Stamas brought Jordan, Leonsis together

January 20, 2000|By Ken Rosenthal

WASHINGTON -- The Baltimore-based attorney who helped Peter Angelos purchase the Orioles in 1993 played an instrumental role in bringing Michael Jordan into the group that owns the Washington Capitals and 44 percent of the Washington Wizards.

George P. Stamas, vice-chairman of Deutsche Banc Alex. Brown and an attorney for Wizards minority investor Ted Leonsis, said he participated in Leonsis' first meeting last fall with Jordan and his agent, David Falk, as well as subsequent negotiating sessions.

"We met for lunch in Chicago three months ago," Stamas said. "Michael puts one at ease immediately. We had a great meal. We learned to drink great wines together. All I can say is that Michael drinks some great wines."

Stamas said he is "a very small partner" in Lincoln Holdings, the sports and entertainment group that Leonsis formed to purchase the Capitals and Wizards. He also remains one of Angelos' minority investors with the Orioles.

After assisting Angelos in his $173 million purchase of the Orioles, Stamas helped negotiate most of the owner's early free-agent signings, including the five-year deal signed by Rafael Palmeiro in 1993.

Before joining Deutsche Bank Alex. Brown six weeks ago, he was a senior partner in the Baltimore office of Wilmer, Cutler and Pickering.

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.