Today, the Orioles introduced their major offseason acquisition pitcher, Craig Kimbrel. The news surrounding the Orioles is shifting to a potential change in ownership. Baltimore native David Rubinstein, the billionaire who founded the private equity firm The Carlyle Group, is reportedly in talks to buy the Orioles. The report comes from Bloomberg, the organization. Rubinstein hosts several Peter Angelos television shows, and he bought the Orioles 30 years ago for $173 million. The club is now valued by Bloomberg and others at $1.7 billion. The Orioles did not respond
A billionaire is in talks to acquire the Baltimore Orioles, according to a report
The Baltimore Orioles could be acquired soon, according to a report. Bloomberg’s Gillian Tan reported that Carlyle Group co-founder David Rubinstein, a Baltimore native, is in talks to acquire the Orioles. Team officials did not respond to 11 News’ request. To comment. Current majority owner Peter Angelos has taken a backseat to his son John Angelos in recent years when it comes to baseball operations. John Angelos is the current president and CEO of the team. The reported sale talks come as the team continues to negotiate a stadium lease deal with the state of Maryland.
The Baltimore Orioles could be acquired soon, according to a report.
Bloomberg’s Gillian Tan reports That the co-founder of Carlyle Group Inc. David Rubinstein, a Baltimore native, is in talks to acquire the Orioles.
Team officials did not respond to 11 News’ request for comment.
Current majority owner Peter Angelos has taken a backseat to his son John Angelos in recent years when it comes to baseball operations. John Angelos is the current president and CEO of the team.
The reported sale talks come as the team continues to negotiate a stadium lease with the state of Maryland.
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