Billionaire David Rubenstein praises Fed Chair Jerome Powell for his effective management, highlighting the lack of recessions during his tenure and his transparency, amidst ongoing political attacks from President Trump who has publicly criticized Powell and considered firing him. The political tension continues as Trump polls on Powell's removal, despite Powell's term ending in 2026.
The Baltimore Orioles celebrated their Opening Day with a resounding 11-3 victory over the Los Angeles Angels, marking the beginning of a new era under the ownership of billionaire David Rubenstein. Rubenstein, a native of Baltimore, expressed his commitment to revitalizing the team and its connection to the city, emphasizing a return to greatness reminiscent of the Orioles' past glory. His presence at the game and pregame ceremonies symbolized a fresh start for the franchise, as fans and local dignitaries welcomed him with enthusiasm and optimism for the future.
The Baltimore Orioles ushered in their "Next Chapter" with a new ownership group led by Baltimore native David Rubenstein, signaling a promising future for the team. With a strong on-field team, top farm system, and a commitment to investing in the franchise, the Orioles are poised for success. The new ownership aims to revitalize the team, resolve long-standing disputes, and bring back the mystique of being an Orioles fan, with aspirations of winning a World Series and unifying the city of Baltimore.
Major League Baseball owners unanimously approved the sale of the Baltimore Orioles to private equity billionaire David Rubenstein and a group of investors, including Cal Ripken Jr., Michael Bloomberg, and Grant Hill, for $1.725 billion. The approval comes after the passing of former owner Peter Angelos, who bought the team in 1993. Rubenstein, a Baltimore native and lifelong Orioles fan, will now lead the franchise as they prepare to start the 2024 MLB season.
New Orioles owner David Rubenstein has committed to honoring the team's stadium lease for the full 30 years, expressing his intention to keep the Orioles in Baltimore as long as there's Major League Baseball. Rubenstein, who recently purchased the team for $1.725 billion, plans to negotiate a development rights deal with the state and has no intention of exercising the option to end the lease after 15 years. He also expressed his admiration for New England Patriots owner Robert Kraft and his plans to revitalize the Camden Yards area.
Private-equity billionaire David Rubenstein has been unanimously approved as the new owner of the Baltimore Orioles by Major League Baseball's owners, with a plan to eventually acquire 70% ownership of the team. The $1.725 billion valuation for the Orioles is the third highest for the sale of a baseball team, and Rubenstein, a lifelong Orioles fan, is expected to infuse the team with cash to strengthen its roster. His ownership group includes notable figures such as Cal Ripken Jr. and former New York City mayor Michael Bloomberg, and they have signed a 30-year lease to remain at Camden Yards with plans for potential development around the stadium.
MLB owners have approved David Rubenstein as the new controlling owner of the Baltimore Orioles, marking the end of the Angelos family's three-decade ownership. Rubenstein, a co-founder of the Carlyle Group, and his group of investors will initially own 40% of the franchise, with the option to acquire the rest after the passing of family patriarch Peter G. Angelos. Rubenstein aims to support the team's baseball operations and resolve the long-standing MASN dispute, while expressing optimism for the Orioles' future.
Major League Baseball owners will vote on the sale of the Orioles from the Angelos family to a group led by billionaire David Rubenstein on Wednesday. The sale, initially for a 40% stake, is pending majority approval and is expected to be a formality. The remaining 70% stake will be transferred to Rubenstein's group following the passing of family patriarch Peter Angelos, who recently passed away at 94. Rubenstein's ownership group includes notable investors such as Cal Ripken Jr., Grant Hill, and Michael Bloomberg.
Major League Baseball owners are set to vote on David Rubenstein's purchase of the Baltimore Orioles on Wednesday, with approval expected to be a formality. Rubenstein is to become the team's lead owner with a 40 percent stake, and his ownership group is likely to acquire the remainder of the 70 percent stake owned by the Angelos family following the recent death of former owner Peter Angelos. The second acquisition will not be completed by Opening Day, but the timing of the vote is symbolic as it coincides with the start of a new season under new ownership.
Major League Baseball owners will discuss the sale of the Baltimore Orioles to David Rubenstein at their upcoming meeting, with the approval process expected to move more rapidly than usual due to Rubenstein's well-known status and the relatively uncomplicated nature of the proposal. The sale values the franchise at $1.725 billion, and Rubenstein's group includes notable figures such as Cal Ripken Jr., Michael Bloomberg, and others. The ownership committee is set to be briefed on the agreement, and if it clears the executive council, it will move to all 30 owners for approval. The Orioles also made a significant trade for former Cy Young winner Corbin Burnes, with the ownership change not directly impacting the trade negotiations.
The Orioles' acquisition of star starter Corbin Burnes coinciding with the announcement of the team's sale to David Rubenstein has sparked optimism for the team's future. With new ownership in place, there's hope for the Orioles to secure their young talent and make strategic moves. Meanwhile, the Angels' potential impact on the free-agent market and the interest in various pitchers and players are heating up the baseball offseason.
David Rubenstein, co-founder of Carlyle Group and one of the wealthiest individuals, has long desired to own the Baltimore Orioles, a dream that is now close to fruition with a $1.725 billion deal pending MLB approval. Known for his philanthropy and business acumen, Rubenstein is expected to bring a strategic and hands-off approach to ownership. His love for baseball, roots in Baltimore, and extensive philanthropic contributions paint a picture of a serious, driven, and studious individual with a passion for making a transformative impact on the world.
Baltimore native David Rubenstein, along with a partnership group that includes Cal Ripken Jr., Michael Bloomberg, and Kurt Schmoke, has signed an agreement to take over as the principal owner of the Baltimore Orioles, with a goal to bring a World Series Trophy back to the city. The ownership group is still being assembled and the sale has not yet been approved by Major League Baseball. The agreement values the franchise and assets at $1.725 billion, with Rubenstein's group initially assuming a 40% ownership stake and an agreement to purchase the remaining equity upon the death of Peter Angelos. The sale agreement also includes plans to revitalize the area around Oriole Park at Camden Yards.
A group led by David Rubenstein, including Cal Ripken Jr., Grant Hill, Michael Bloomberg, and others, has agreed to buy the Baltimore Orioles from the Angelos family for $1.725 billion. The sale is subject to MLB ownership approval, and the Angelos family will retain a significant investment in the team. The new ownership group aims to bring a World Series trophy back to Baltimore and build upon the team's recent success, including a strong farm system and promising young stars.
The Baltimore Orioles have confirmed the sale of the team to a group of investors led by billionaire David Rubenstein for $1.725 billion, with former control person John Angelos remaining a major investor and senior advisor. The sale is subject to MLB owners' approval, and notable figures in the investor group include Cal Ripken Jr., Grant Hill, and Michael Bloomberg. The sale also includes the control stake in the Mid-Atlantic Sports Network. The change in ownership raises hopes for increased spending and a brighter future for the Orioles, who have built an enviable young core but have faced criticism for their market inactivity.
