David Rubenstein Leads Group to Baltimore Orioles for $1.725 Billion

The sale, expected to move swiftly through MLB approval, marks a significant shift in ownership, with a star-studded investment group set to take the helm.

• The Orioles' sale to David Rubenstein and his investment group, valued at $1.725 billion, is on track for rapid MLB approval, with discussions set for next week in Florida.
• Rubenstein's group, including celebrities and business moguls, will initially acquire a 40% stake, with plans to purchase the remaining equity upon Peter Angelos' death.
• Maryland politicians express frustration over lack of transparency in the sale process, criticizing John Angelos for misleading state officials.
• The sale could have wide-reaching implications, including the potential sale of the Orioles' share in MASN, affecting the Washington Nationals' ownership and TV rights.
• The Orioles' new lease agreement with the state, allowing for a possible opt-out after 15 years, was finalized despite complications from the sale negotiations.

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