"Baltimore Orioles Sold to Billionaire-Led Group for $1.725 Billion"
TL;DR Summary
The Angelos family has agreed to sell the Baltimore Orioles to billionaires David Rubenstein and Mike Arougheti at a valuation of $1.725 billion. The deal will give the new group 40% of the club, with the remaining stake to be sold following the death of patriarch Peter Angelos. The sale comes at a critical point in the team's history as they have amassed a strong collection of young talent, but questions remain about future spending and the team's television strategy.
- Angelos family agrees to sell Baltimore Orioles to 2 billionaires at $1.725 billion valuation, per reports Yahoo Sports
- On Orioles sale, Maryland state treasurer says of Angelos: 'We were lied to' Baltimore Sun
- David Rubenstein group set to buy stake in Baltimore Orioles The Washington Post
- Kurt Schmoke and Michael Bloomberg part of new O's ownership, sources say The Baltimore Banner
- Baltimore Orioles agree to be sold to a group led by David Rubenstein for $1.7 billion CNN
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