Baltimore Orioles Sold to Carlyle Group Co-Founder David Rubenstein

The deal, valuing the team at $1.725 billion, includes a diverse group of co-owners and retains involvement of the Angelos family.

David Rubenstein, co-founder of the Carlyle Group, has purchased a controlling stake in the Baltimore Orioles from the Angelos family, who have owned the team since 1993.
The sale values the Orioles at $1.725 billion, a figure that has surprised industry insiders who expected a higher valuation.
Rubenstein, a Baltimore native, has a net worth of around $3.7 billion and has previously made significant donations to public causes.
The new ownership group also includes notable figures such as former New York City Mayor Michael Bloomberg, NBA legend Grant Hill, and MLB Hall of Famer Cal Ripken Jr.
The Angelos family will retain a significant investment in the club, and John Angelos, son of previous owner Peter Angelos, will serve as a senior advisor to Rubenstein.