son ▁made ▁the ▁following ▁observation ▁of ▁the ▁new ▁majority ▁owner : ▁ ▁In ▁the ▁first ▁year ▁of ▁the ▁Jacob s ▁regime , ▁the ▁Ori oles ▁nearly ▁shock ed ▁the ▁baseball ▁world ▁by ▁transform ing ▁itself ▁from ▁the ▁worst ▁team ▁in ▁Major ▁League ▁Baseball ▁with ▁a ▁ 5 4 – 1 0 7 ▁record ▁in ▁ ▁to ▁one ▁that ▁fell ▁short ▁of ▁winning ▁the ▁AL ▁Eastern ▁Division ▁title ▁by ▁two ▁games . ▁ ▁Bank rupt cy ▁When ▁seven ▁banks ▁file d ▁pet itions ▁to ▁force ▁him ▁into ▁bank rupt cy ▁in ▁March ▁ 1 9 9 3 , ▁Jacob s ▁had ▁to ▁rel in qu ish ▁the ▁Ori oles . ▁At ▁an ▁au ction ▁held ▁in ▁bank rupt cy ▁court ▁in ▁New ▁York ▁on ▁August ▁ 2 , ▁ 1 9 9 3 , ▁the ▁ball club ▁was ▁sold ▁for ▁$ 1 7 3 ▁million ▁to ▁a ▁group ▁of ▁Baltimore ▁invest ors ▁led ▁by ▁Peter ▁Angel os . ▁The ▁sale ▁was ▁un anim ously ▁approved ▁by ▁the ▁AL ▁club ▁own ers ▁two ▁months ▁later ▁on ▁October ▁ 4 . ▁ ▁Later ▁years ▁Aff ili ated ▁with ▁the ▁Republican ▁Party , ▁Jacob s ▁has ▁served ▁on ▁various ▁national ▁security ▁and ▁military ▁intelligence ▁comm itte es ▁for ▁the ▁federal ▁government . ▁He ▁was ▁a ▁member ▁of ▁the ▁General ▁Ad vis ory ▁Committee ▁of ▁the ▁United ▁States ▁Ar ms ▁Control ▁and ▁Dis arm ament ▁Agency ▁during ▁the ▁Re agan ▁Administration . ▁In ▁January , ▁ 2 0 0 0 , ▁he ▁was ▁appointed ▁by ▁then - Spe