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Orioles strike deal to sell team to Baltimore native David Rubenstein for $1.725B

January 31, 2024
Three baseballs sit in a field of turfgrass at Camp Nubability's annual kids camp for limb different children. This image was taken by one of the camp coaches, Caitlin Conner.

The Angelos family has reached an agreement to sell the Orioles to private equity billionaire David Rubenstein, three sources with direct knowledge of the deal told The Baltimore Sun. Rubenstein, who has a signed agreement, according to one of the sources, is set to take over as the team’s control person as part of the deal, which values the team at $1.725 billion. The Angelos family has owned the team since Peter Angelos bought it for $173 million in 1993.

Article Source: Baltimore Sun

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