David Rubenstein

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Billionaire David Rubenstein to Lead Investor Group Buying Baltimore Orioles for $1.725 Billion

Orioles Baltimore Orioles - Cal Ripken Jr. - David Rubenstein - John Angelos - Major League Baseball - Orioles

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.

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Image courtesy of "The Baltimore Banner"

John Angelos agrees to sell Orioles to group led by David ... (The Baltimore Banner)

Baltimore native David Rubenstein would become the team control person as the lead investor in a group that also includes Maryland sports legends.

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Image courtesy of "ESPN"

Reports - Orioles to be sold to group led by David Rubenstein - ESPN (ESPN)

John Angelos' sale of the Orioles to private equity billionaires David Rubenstein and Mike Arougheti reportedly values the team at $1.725 billion.

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Image courtesy of "The Associated Press"

David Rubenstein has a deal to buy the Baltimore Orioles for $1.725 ... (The Associated Press)

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 ...

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Image courtesy of "Financial Times"

Carlyle co-founder David Rubenstein plans to buy Baltimore Orioles ... (Financial Times)

Investor group behind $1.73bn deal would also include Ares Management CEO Michael Arougheti.

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Image courtesy of "Baltimore Sun"

Who is David Rubenstein? He's serious, driven and has wanted to ... (Baltimore Sun)

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 ...

David Rubenstein, Mike Arougheti to buy Orioles for $1.7 billion (Sports Business Journal)

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 ...

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Image courtesy of "USA TODAY"

Report: Baltimore Orioles set for $1.725 billion sale to David ... (USA TODAY)

The Orioles have been owned by the Angelos family since 1993, with fans clamoring for a sale in recent years.

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Image courtesy of "Axios"

Private equity billionaire David Rubenstein to buy Baltimore Orioles (Axios)

Orioles legend Cal Ripken Jr. is expected to be part of the purchasing group.

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Image courtesy of "Baltimore Sun"

Five things to know about Orioles' expected new owner David ... (Baltimore Sun)

Here are five things to know about Baltimore native David Rubenstein, who reached a signed agreement to buy the Orioles from the Angelos family.

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Image courtesy of "WBAL Baltimore"

John Angelos agrees to sell Orioles, 11 News source confirms (WBAL Baltimore)

Baltimore Orioles chairman and CEO John Angelos has agreed to sell the team to a pair of billionaires, an 11 News source confirms.

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Image courtesy of "Yahoo Finance"

Baltimore Orioles sale to Carlyle's co-founder David Rubenstein for ... (Yahoo Finance)

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" ...

National Archives to Celebrate 10th Anniversary of David M ... (National Archives |)

As part of the celebration, Archivist of the United States Dr. Colleen Shogan will lead a discussion with Julieanna Richardson, founder and executive director ...

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Image courtesy of "Fortune"

Group led by Carlyle's David Rubenstein, a Baltimore native, agrees ... (Fortune)

Rubenstein's investor group initially has agreed to buy 40% of the Major League Baseball franchise from the Angelos family.

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Image courtesy of "The Seattle Times"

David Rubenstein has a deal to buy the Baltimore Orioles for $1.725 ... (The Seattle Times)

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 ...

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Image courtesy of "MLB.com"

Angelos family agrees to sell control stake in O's to David Rubenstein (MLB.com)

David Rubenstein leads a diverse investor group that includes Michael Arougheti, Mitchell Goldstein, Michael Smith, and Maryland leaders, philanthropists, ...

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Image courtesy of "The Baltimore Banner"

David Rubenstein says goal is 'to bring a World Series Trophy back ... (The Baltimore Banner)

Kurt Schmoke, Grant Hill and Michael Bloomberg part of new O's ownership, sources say.

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Image courtesy of "CBS News"

Who is David Rubenstein? Angelos family confirms agreement to ... (CBS News)

he Angelos family has agreed to sell the Baltimore Orioles to Baltimore native and billionaire David Rubenstein.

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Image courtesy of "Washingtonian"

David Rubenstein Is Buying the Baltimore Orioles. Does He Know ... (Washingtonian)

Owning a sports team gives you the best seat in the houseโ€”to get booed.

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