David Rubenstein Takes Helm of Baltimore Orioles in $1.7B Deal

March 28, 2024
David Rubenstein Takes Helm of Baltimore Orioles in $1.7B Deal
  • David Rubenstein’s group, including Cal Ripken Jr. and Grant Hill, received unanimous approval from MLB owners to buy the Baltimore Orioles.

  • The Angelos family is set to hand over the team after more than 30 years of ownership, with the sale price at $1.725 billion.

  • Rubenstein, a Baltimore native, is committed to the community and has promised to engage with Orioles fans.

  • The transaction is timed with the beginning of the Orioles' season, as they face the Los Angeles Angels in their opening game.

  • The Orioles, coming off a successful season, have secured a long-term lease at Camden Yards, ensuring their stay in Baltimore.

  • Speculation surrounds the team's potential under new ownership, with hopes of Rubenstein leading them to a World Series victory.

Summary based on 4 sources


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