JOURNAL ARTICLE

Rubenstein-Led Deal to Buy MLB's Orioles Gains Key Approval.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Tan, Gillian 3 of 3

Abstract

The ownership committee of Major League Baseball has given approval for the purchase of a controlling stake in the Baltimore Orioles by David Rubenstein and a group of investors. The deal values the team at $1.73 billion. Rubenstein will be the control person of the team, and his co-investors include Michael Arougheti, Mitchell Goldstein, Michael Smith, Cal Ripken Jr., Kurt Schmoke, and Michael Bloomberg. The purchase is still subject to a full vote by all MLB owners later this month. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/03, pN.PAG
  • Document Type:Article
  • Subject Area:Sports and Leisure
  • Publication Date:2024
  • Accession Number:175941969
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