CNN
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Main League Baseball house owners on Wednesday unanimously authorized personal fairness billionaire David Rubenstein as the brand new proprietor of the American League’s Baltimore Orioles.
The vote performed earlier on Wednesday was the ultimate step in a course of that started in late January when an settlement was in place for the Angelos household to promote the Orioles to a bunch led by Rubenstein for $1.725 billion.
Rubenstein’s group consists of Orioles nice and baseball Corridor of Famer Cal Ripken Jr., former New York Metropolis Mayor Michael Bloomberg and basketball Corridor of Famer Grant Hill amongst different traders.
“I congratulate David Rubenstein on receiving approval from the Main League golf equipment as the brand new management individual of the Orioles,” MLB Commissioner Robert Manfred stated in a press release.
“As a Baltimore native and a lifelong fan of the staff, David is uniquely suited to guide the Orioles shifting ahead. We welcome David and his companions as the brand new stewards of the franchise.”
John Angelos had formally taken over as MLB’s management individual of the Orioles in 2020 given the failing well being of his father Peter, who died on Saturday on the age of 94. The elder Angelos bought the Orioles in 1993 for $173 million.
“On behalf of Main League Baseball, I thank the Angelos household for his or her a few years of service to the sport and the communities of Baltimore,” stated Manfred. “Peter Angelos liked baseball, liked Baltimore and was an necessary a part of MLB for greater than three a long time.”
The 74-year-old Rubenstein will now oversee an Orioles staff that completed first within the American League East division final yr earlier than being swept from the AL Division Collection by the eventual World Collection champion Texas Rangers.
Baltimore will launch their 2024 MLB season on Thursday at house in opposition to the Los Angeles Angels.
“I’m respiratory once more…MLB simply unanimously authorized the deal! @orioles, the Subsequent Chapter has begun! Go O’s!” Rubenstein wrote on social media.