SportBeep.com
  • Home
  • Football
  • Basketball
  • Soccer
  • Tennis
  • Baseball
  • Athletics
  • More
    • Golf
    • Hockey
    • Combat sports
    • Cricket
    • Figure Skating
    • Racing
    • Skiing
    • Swimming
    • Rugby
No Result
View All Result
SportBeep.com
  • Home
  • Football
  • Basketball
  • Soccer
  • Tennis
  • Baseball
  • Athletics
  • More
Home Baseball

MLB owners approve $1.725 bn Orioles sale deal on season’s eve

Mike McMahon by Mike McMahon
March 27, 2024
in Baseball
Reading Time: 2 mins read
A A
0
18
SHARES
219
VIEWS
Share on FacebookShare on Twitter

A group headed by Baltimore native and private equity investor David Rubenstein was unanimously approved as the new owner of the Baltimore Orioles by MLB club owners . ©AFP

Washington (AFP) – Major League Baseball team owners unanimously approved the sale of the Baltimore Orioles to a group led by private equity investor David Rubenstein on Wednesday, a day before their season begins.

The deal, reportedly worth $1.725 billion, transfers ownership from the family of the late Peter Angelos to Rubenstein, 74, a co-founder of The Carlyle Group private equity firm.

Related news

MLB Nationals name Cairo interim manager after shake-up

July 7, 2025
453

MLB Nationals fire manager Martinez, GM Rizzo after loss

July 6, 2025
323

MLB Cubs smash team-record eight homers to crush Cardinals

July 4, 2025
390

Cleveland pitcher Ortiz put on paid leave during MLB probe

July 3, 2025
429

Dodgers ace Kershaw notches 3,000th strikeout

July 2, 2025
1.2k

Ohtani unleashes 101.7mph fastball in third start for Dodgers

June 29, 2025
417

MLB ownership approval was the final step in a transfer process that began when an agreement was reached in January and also included the Orioles’ stake in Mid-Atlantic Sports Network (MASN), which owns telecast rights for the Orioles and the nearby Washington Nationals.

An ownership committee backed approval of the deal earlier this month.

“I congratulate David Rubenstein on receiving approval from the major league clubs as the new control person of the Orioles,” said MLB commissioner Rob Manfred.

“As a Baltimore native and a lifelong fan of the team, David is uniquely suited to lead the Orioles moving forward. We welcome David and his partners as the new stewards of the franchise.”

Among those in Rubenstein’s group are Baseball Hall of Famer and Orioles legend Cal Ripken Jr., entrepreneur Mike Bloomberg and Basketball Hall of Fame player Grant Hill, also a co-owner of the NBA’s Atlanta Hawks and Orlando City of MLS.

Angelos, who bought the Orioles for $173 million in 1993, died Saturday at age 94.

The Orioles have not won the World Series since 1983, when Ripken was the American League’s Most Valuable Player. They have not won a play-off series since 2014 and had not reached the play-offs since 2016 until last year, when Baltimore was ousted by eventual champion Texas in the best-of-five AL division series.

“To own the Orioles is a great civic duty,” Rubenstein said. “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 play their first contest under the new ownership team on Thursday when the Los Angeles Angels visit Baltimore at Camden Yards.

© 2024 AFP

Tags: Baltimore OriolesCal Ripken Jr.David RubensteinMike BloombergMLB
Share7Tweet5Share
Mike McMahon

Mike McMahon

Born in Shanghai and raised in the vibrant streets of New York City, his passion for sports ignited early on. Armed with a journalism degree from Columbia University, he embarked on a dynamic career, seamlessly transitioning from a rookie reporter for a local newspaper to a revered figure in digital media. With an insatiable thirst for storytelling and a profound understanding of the games he covers, Mike has captivated audiences with his insightful analysis and engaging writing style. From courtside at basketball games to the sidelines of soccer matches, his journey from a young dreamer to a respected veteran serves as an inspiring testament to his unwavering dedication and love for the game.

Subscribe
Notify of
guest
guest
0 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments

Follow Us

Popular News

  • ‘Rarely been so angry’: Bayern’s Kompany seethes after Musiala injury

    35 shares
    Share 14 Tweet 9
  • Delighted Maresca hails Joao Pedro after Chelsea reach Club World Cup final

    31 shares
    Share 12 Tweet 8
  • NHL and players union ratify four-year contract extension

    31 shares
    Share 12 Tweet 8
  • Mexico defeat USA 2-1 to retain CONCACAF Gold Cup

    49 shares
    Share 20 Tweet 12
  • Sounders keeper Frei in hospital after scary collision

    32 shares
    Share 13 Tweet 8
SportBeep.com

Welcome to SportBeep, your ultimate destination for all things sports! If you're passionate about the NFL, NBA, MLS, NHL, MLB, or any other sport, you're in the right place. Here, you'll find the latest news, in-depth analyses, and commentary on the most important sporting events and personalities from around the world.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

News

  • Football
  • Basketball
  • Baseball
  • Soccer
  • Hockey
  • Tennis
  • Golf

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • MachinaSphere.com
  • EconomyLens.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com

© 2024 SportBeep ~ Top Sports News from around the world!

No Result
View All Result
  • Home
  • Football
  • Basketball
  • Soccer
  • Tennis
  • Baseball
  • Athletics
  • More
    • Golf
    • Hockey
    • Combat sports
    • Cricket
    • Figure Skating
    • Racing
    • Skiing
    • Swimming
    • Rugby

© 2024 SportBeep.com - Best Sport News