MLB Owners to Vote on Orioles Sale to David Rubenstein's Group

The vote, crucial for finalizing the sale, includes an initial 40% stake with future plans to acquire the remaining Angelos family share.

MLB owners are set to vote on Wednesday to finalize the sale of the Orioles from the Angelos family to a group led by billionaire David Rubenstein.
The sale, pending approval, includes a 40% stake initially, with plans for Rubenstein's group to acquire the remainder of the Angelos family's 70% stake eventually.
Peter Angelos, the former Orioles control person and majority owner, passed away this past weekend at the age of 94.
The deal values the Orioles and related assets at $1.725 billion, marking a significant investment in the team's future.
Rubenstein's ownership group includes notable figures such as Cal Ripken Jr., Michael Bloomberg, and Grant Hill, signaling a high-profile transition for the team.