MLB Ownership Committee approves David Rubenstein's group's purchase of Baltimore Orioles with $1.725bn valuation; awaits 22 MLB owner approvals.
The MLB Ownership Committee has approved the purchase of a controlling stake in the Baltimore Orioles by a group led by David Rubenstein, a significant step towards finalizing the sale. The deal, which values the franchise at $1.725 billion, still needs approval from at least 22 of the 29 other MLB owners. Rubenstein's group includes Orioles legend Cal Ripken Jr. and billionaire Michael Bloomberg.
March 09, 2024
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