Baltimore Orioles Park Camden Yards (Wikipedia)
The MLB club the Baltimore Orioles was sold to David Rubenstein, co-founder and co-chairman of the Carlyle Group, and his partners for $1.75 billion. Orioles great and baseball Hall of Famer Cal Ripken Jr. is one of the new owners. former New York City mayor and billionaire businessman Mike Bloomberg is another investor.
The Angelos family, the current majority owners of the Baltimore Orioles, will continue to hold an interest in the team.
“Our collective goal will be to bring a World Series Trophy back to the City of Baltimore,” said David Rubenstein about the acquisition.
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“Importantly, the impact of the Orioles extends far beyond the baseball diamond,’ he added. “The opportunity for the team to catalyze development around Camden Yards and in downtown Baltimore will provide generations of fans with lifelong memories and create additional economic opportunities for our community.”
“A great honor to have Cal Ripken Jr. as part of our investment group,” he tweeted. “I have a lot to learn from you. Unfortunately, I can’t say much while MLB is reviewing the deal. I’ll communicate publicly when possible.”
David Rubenstein is Chairman of the Boards of the John F. Kennedy Center for the Performing Arts, the Council on Foreign Relations, the National Gallery of Art, the Economic Club of Washington, and the University of Chicago; a Trustee of Memorial Sloan-Kettering Cancer Center, Johns Hopkins Medicine, the Institute for Advanced Study, the National Constitution Center, the Brookings Institution, and the World Economic Forum; and a Director of the Lincoln Center for the Performing Arts and the American Academy of Arts and Sciences.
The Baltimore Orioles’ major league roster and minor league team are stacked with young talent. For example, in a first in MLB history, the O’s have the number one prospect in all of pro baseball (Jackson Holliday) for the third year in a row, following Gunnar Henderson (No. 1 in 2023) and Adley Rutschman (No. 1 in 2022), and have five of the top 32 rated prospects in all of professional baseball. In 2023, the Orioles won the American League East for the first time since 2014 and the Orioles had more wins (101) than in any season since 1979.
Unfortunately, the Orioles were swept by the Texas Rangers in three games in the payoffs.
