In a significant development for baseball fans and the city of Baltimore, Major League Baseball (MLB) owners have given their unanimous approval to the sale of the Baltimore Orioles. This decision finalizes a transaction that has been eagerly anticipated by the sports community.
The Orioles’ sale involves a prominent ownership group led by billionaire Baltimore native David Rubenstein, the co-founder of the Carlyle Group. Rubenstein, along with esteemed personalities such as Orioles Hall-of-Famer Cal Ripken Jr., former New York mayor Michael Bloomberg, former Baltimore Mayor Kurt Schmoke, and former NBA star Grant Hill, brings a wealth of experience and enthusiasm to the team’s ownership.
Earlier this year, the Angelos family, who has long been associated with the Orioles, agreed to sell the team to Rubenstein’s group for a staggering amount exceeding one-point-seven-billion dollars. The sale underwent thorough scrutiny and received approvals from the league’s ownership committee and the Maryland Stadium Authority, paving the way for the MLB owners’ unanimous endorsement.
David Rubenstein expressed his excitement about taking on the responsibility of owning the Orioles, emphasizing that it is a significant civic duty. He outlined a clear ambition, stating that the ownership group’s collective focus is on bringing a World Series trophy back to Baltimore, underscoring their commitment to the team’s success on and off the field.
The approval of the Orioles’ sale injects fresh energy and optimism into the team’s fan base and the broader baseball community. With the new ownership group in place, expectations are high for the Orioles’ performance in the upcoming 2024 season, which begins with an eagerly awaited opening game at Camden Yards on Thursday.
The Baltimore Orioles’ sale to an ownership group led by David Rubenstein signifies a new chapter in the team’s storied history. As the Orioles embark on this exciting journey under new leadership, fans can look forward to a period of renewed enthusiasm and aspirations for success both on and off the baseball diamond.
