Baltimore Orioles: MLB owners unanimously approve sale to David Rubenstein

CNN
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Main League Baseball house owners on Wednesday unanimously accepted personal fairness billionaire David Rubenstein as the brand new proprietor of the American League’s Baltimore Orioles.

The vote performed earlier on Wednesday was the ultimate step in a course of that started in late January when an settlement was in place for the Angelos household to promote the Orioles to a gaggle led by Rubenstein for $1.725 billion.

Rubenstein’s group contains Orioles nice and baseball Corridor of Famer Cal Ripken Jr., former New York Metropolis Mayor Michael Bloomberg and basketball Corridor of Famer Grant Hill amongst different buyers.

“I congratulate David Rubenstein on receiving approval from the Main League golf equipment as the brand new management individual of the Orioles,” MLB Commissioner Robert Manfred stated in a press release.

“As a Baltimore native and a lifelong fan of the workforce, David is uniquely suited to guide the Orioles shifting ahead. We welcome David and his companions as the brand new stewards of the franchise.”

John Angelos had formally taken over as MLB’s management individual of the Orioles in 2020 given the failing well being of his father Peter, who died on Saturday on the age of 94. The elder Angelos bought the Orioles in 1993 for $173 million.

“On behalf of Main League Baseball, I thank the Angelos household for his or her a few years of service to the sport and the communities of Baltimore,” stated Manfred. “Peter Angelos beloved baseball, beloved Baltimore and was an vital a part of MLB for greater than three a long time.”

The 74-year-old Rubenstein will now oversee an Orioles workforce that completed first within the American League East division final yr earlier than being swept from the AL Division Collection by the eventual World Collection champion Texas Rangers.

Baltimore will launch their 2024 MLB season on Thursday at residence towards the Los Angeles Angels.

“I’m respiration once more…MLB simply unanimously accepted the deal! @orioles, the Subsequent Chapter has begun! Go O’s!” Rubenstein wrote on social media.