The sale of the Orioles was finalized on Wednesday with ownership being transferred from the Angelos family to a group led by private equity billionaire David…
Rubenstein, a co-founder of the private equity firm The Carlyle Group, and lead co-purchaser Mike Arougheti will initially acquire a 40% stake in the club. 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. "I thank John Angelos and his family for all they have done to bring us to this point. John led a dramatic overhaul of the team's management, roster, recruitment strategy, and farm system in recent years. Our job is to build on these accomplishments to advance a world-class professional sports agenda – with eyes on returning a World Series trophy to Baltimore.”
The Orioles have made six postseasons since the Angelos took over. They had one of their best seasons yet in 2023, going 101-61, before losing to the eventual champion in the ALDS. It was the team's highest win total since 1979 and followed a period in which Baltimore lost more than 100 games in three of four seasons between 2018 to 2021.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Orioles sale: MLB owners scheduled to vote Wednesday to finalize David Rubenstein’s purchaseApproval by a full vote of MLB owners just ahead of the opening day would conclude what has been a busy offseason for the Orioles.
Les mer »
Orioles sale to David Rubenstein finalized after MLB approvalThe sale of the Baltimore Orioles to a group led by billionaire David Rubenstein has, formally and officially, been approved.
Les mer »
MLB owners approve sale of Baltimore Orioles to David RubensteinFor the first time in three decades, the Orioles will have a managing owner not named Angelos on Opening Day.
Les mer »
David Rubenstein unanimously approved as new Orioles ownerMajor League Baseball's owners have unanimously approved private-equity billionaire David Rubenstein as the new owner of the Baltimore Orioles.
Les mer »
MLB young core rankings, Nos. 10-1: Braves, Orioles built to win now and laterWhich teams have the best building blocks for the present and imminent future? We've ranked all 30 clubs according to their top eight players under 28. Here's our final installment.
Les mer »
MLB No. 1 prospect Jackson Holliday left off Orioles' opening-day rosterMLB's top-ranked prospect Jackson Holliday will not make the Baltimore Orioles' opening-day roster, per multiple reports.
Les mer »