"David Rubenstein's Rapid Acquisition of Baltimore Orioles Signals Upward Trend for Team"
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.