MLB owners unanimously approve sale of Baltimore Orioles to a group headed by David Rubenstein
David Rubenstein’s purchase of the Baltimore Orioles has been approved by Major League Baseball owners
David Rubenstein's purchase of the Baltimore Orioles was approved Wednesday by Major League Baseball owners, clearing the way for the Angelos family to finalize the sale after over three decades running the team.
Approval of 75% of all owners was required, and MLB said the vote was unanimous. It came the day before the team is scheduled to open the season at home against the Los Angeles Angels. Rubenstein and his investor group were expected to close the purchase later Wednesday.
“To own the Orioles is a great civic duty,” Rubenstein, a Carlyle Group Inc. co-founder, said in a statement. «On behalf of my fellow owners, I want the Baltimore community and Orioles fans everywhere to know that we will work our hardest to deliver for you with professionalism, integrity, excellence, and a fierce desire to win games.”
The Orioles scheduled a news conference for Thursday morning with Rubenstein and Maryland Gov. Wes Moore.
Angelos and his family took control of the Orioles in 1993, when Peter Angelos purchased the team for $173 million. Angelos' health took a turn for the worse in recent years — he died Saturday at age 94 — and his son John has been the team’s chairman, CEO and control person since 2019.
“I thank John Angelos and his family for all they have done to bring us to this point,» Rubenstein said. «John led a dramatic overhaul of the team’s management, roster, recruitment strategy, and farm system in recent years. Our job is to build on these accomplishments to advance a world-class professional sports agenda — with eyes on returning a World Series trophy to Baltimore.”
Rubenstein's group, which includes Cal Ripken
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