Get ready for some new faces in the dugout! David Rubenstein and a group of Maryland sports legends are set to take over the Baltimore Orioles in a whopping $1.725 billion deal.
Baltimore is abuzz with the news of John Angelos agreeing to sell the Orioles to a group led by billionaire investor David Rubenstein. The deal, valued at $1.725 billion, will see Rubenstein becoming the team's control person alongside Maryland sports icons. Rubenstein, a Baltimore native and Carlyle Group Inc. co-founder, is fulfilling a childhood dream of owning a baseball team. Alongside him, Ares Management CEO Michael Arougheti will be part of the investor group poised to take over the franchise.
Rubenstein, known for his serious and driven demeanor, has always harbored aspirations of owning a sports team. His journey from playing Little League Baseball in Baltimore to becoming a key figure in the financial world is a testament to his dedication. The Orioles sale marks a significant shift in the team's ownership, with fans eagerly anticipating the changes Rubenstein and his group will bring to the franchise.
On a different note, the National Archives is gearing up to celebrate the 10th Anniversary of David M. Rubenstein's efforts. As a Baltimore native and influential figure, Rubenstein's impact extends beyond the sports arena. Additionally, the involvement of prominent figures like Cal Ripken Jr. and the Angelos family in the Orioles sale adds a touch of nostalgia and excitement to the upcoming changes in Baltimore's baseball scene.
Baltimore native David Rubenstein would become the team control person as the lead investor in a group that also includes Maryland sports legends.
John Angelos' sale of the Orioles to private equity billionaires David Rubenstein and Mike Arougheti reportedly values the team at $1.725 billion.
A person with knowledge of the deal says Carlyle Group Inc. co-founder David Rubenstein has reached an agreement to buy the Baltimore Orioles for $1.725 ...
Investor group behind $1.73bn deal would also include Ares Management CEO Michael Arougheti.
But Rubenstein, who played Little League Baseball in Baltimore and attended Baltimore City College, had long told friends he hoped for the opportunity to one ...
Orioles owner John Angelos has agreed to sell the franchise to a group led by two private equity billionaires: Carlye Group's David Rubenstein and Ares ...
The Orioles have been owned by the Angelos family since 1993, with fans clamoring for a sale in recent years.
Orioles legend Cal Ripken Jr. is expected to be part of the purchasing group.
Here are five things to know about Baltimore native David Rubenstein, who reached a signed agreement to buy the Orioles from the Angelos family.
Baltimore Orioles chairman and CEO John Angelos has agreed to sell the team to a pair of billionaires, an 11 News source confirms.
A source with direct knowledge of the proceedings told Yahoo Finance that Rubenstein โ who is from Baltimore and a lifelong Orioles fan โ will be the "control" ...
As part of the celebration, Archivist of the United States Dr. Colleen Shogan will lead a discussion with Julieanna Richardson, founder and executive director ...
Rubenstein's investor group initially has agreed to buy 40% of the Major League Baseball franchise from the Angelos family.
Angelos' son John is the team's current chairman. The team recently reached a deal on a new lease extension at Camden Yards. Maryland officials approved that ...
David Rubenstein leads a diverse investor group that includes Michael Arougheti, Mitchell Goldstein, Michael Smith, and Maryland leaders, philanthropists, ...
Kurt Schmoke, Grant Hill and Michael Bloomberg part of new O's ownership, sources say.
he Angelos family has agreed to sell the Baltimore Orioles to Baltimore native and billionaire David Rubenstein.
Owning a sports team gives you the best seat in the houseโto get booed.