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.