Carlyle Group co-founder David Rubenstein agrees to buy Baltimore Orioles baseball team for $1.725bn, pending MLB approval.

Carlyle Group co-founder David Rubenstein has reached an agreement to buy the Baltimore Orioles baseball team for $1.725 billion, according to a person with knowledge of the deal. The team would be controlled by Rubenstein, who is a Baltimore native, along with a consortium of investors including private equity co-founder Michael Arougheti and other prominent Maryland figures. Major League Baseball will need to approve the sale.

January 31, 2024
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