Private-equity billionaire David Rubenstein was unanimously approved by Major League Baseball on Wednesday to be the Baltimore Orioles’ new owner. The Bethesda resident and his ownership group, which includes baseball Hall of Famer Cal Ripken, Jr., basketball Hall of Famer Grant Hill and former New York City mayor Michael Bloomberg, will eventually own 70% of the team.
“To own the Orioles is a great civiv duty. On behalf of my fellow owners, I want the Baltimore community and Orioles fans everywhere to know that we will work our hardest to deliver for you with professionalism, integrity, excellence, and a fierce desire to win games,” Rubenstein, who was born in Baltimore, said in a statement,
Rubenstein is co-founder and co-chairman of The Carlyle Group, lawyer, philanthropist, interviewer, author and historian. He has bestowed many hundreds of millions of gifts over the years including for repairs to the Washington Monument and for the panda house at the National Zoo in Washington, D.C.
Rubenstein, 74, and his ownership group purchased the team from the Angelos family. Orioles’ longtime owner Peter Angelos died on Saturday.
I'm breathing again…MLB just unanimously approved the deal! @orioles, the Next Chapter has begun! Go O's!
— David M. Rubenstein (@DM_Rubenstein) March 27, 2024
From @DM_Rubenstein: pic.twitter.com/wRADPstamv
— Baltimore Orioles (@Orioles) March 27, 2024
My video message to @Orioles fans…the Next Chapter starts now: pic.twitter.com/52h2swTHSn
— David M. Rubenstein (@DM_Rubenstein) March 27, 2024
The Orioles open the 2024 season Thursday at 3:05 p.m.against the Los Angeles Angels at Camden Yards.
