Baltimore Orioles agree to be sold to a group led by David Rubenstein for $1.7 billion | CNN

Baltimore Orioles agree to be sold to a group led by David Rubenstein for .7 billion | CNN

Baltimore Orioles agree to be sold to a group led by David Rubenstein for $1.7 billion | CNN

In a stunning move in the world of sports and business, the owner of the Baltimore Orioles, Peter Angelos, and his family have agreed to sell the baseball team they’ve held for over three decades. The buyers? A group led by billionaire David Rubenstein, a Baltimore native and co-founder of The Carlyle Group, a prominent private equity firm. The jaw-dropping price tag for this transaction? A staggering $1.725 billion was a remarkable increase from the $173 million Angelos and his partners paid for the team in 1993.

What makes this deal even more exciting for Baltimore fans is that Cal Ripken, Jr., a Hall of Famer and Orioles legend, is expected to be part of Rubenstein’s ownership group. The Orioles’ recent success on the field has added to the team’s appeal; they won the American League East last season and had the second-best record in all of baseball in 2023.

This sale marks a significant shift in a team’s fortunes that has seen its fair share of ups and downs. Under Angelos’ ownership, the Orioles experienced a mix of mediocrity and disappointment, with their last World Series win dating back to 1983. However, recent success on the field and the impressive valuation of $1.7 billion have elevated the team’s status in the world of baseball franchises……….full-loaf-600x400-1-e1700879832480 Baltimore Orioles agree to be sold to a group led by David Rubenstein for $1.7 billion | CNN[read more]

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Rising-Dough-e1700879911412 Baltimore Orioles agree to be sold to a group led by David Rubenstein for $1.7 billion | CNNHow does the sale of the Baltimore Orioles for $1.725 billion highlight the intricate connections between sports business, ownership, and valuation in professional sports?

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c9560bc76773cec6a352a35f634b11e8?s=64&d=mm&r=g Baltimore Orioles agree to be sold to a group led by David Rubenstein for $1.7 billion | CNN
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Mikey
4 months ago

This can lead to more sponsorships and maybe a better team.

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stonestreetcoffee.com ☕️ **Discover Stone Street Coffee Company - Your Coffee Haven!** Today's Dough readers, if you're on the hunt for exceptional coffee and cold brew, look no further than Stone Street Coffee Company. We at Today's Dough are smitten with their rich coffee blends and refreshing Cold Brew. Stone Street's commitment to quality shines through in every sip. Now, exclusively for our readers, click the banner above to snag a $5 off coupon on your next order. Experience the finest, ethically sourced beans roasted to perfection. Join the Stone Street community, savor top-notch coffee, and elevate your daily brew. ☕️🌟

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Mikey
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This can lead to more sponsorships and maybe a better team.

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