BALTIMORE, MD—Major League Baseball owners on Wednesday unanimously approved the sale of the Baltimore Orioles to a group led by David Rubenstein, the team announced in a press release.

Rubenstein, who grew up in Northwest Baltimore and graduated from Baltimore City College, is Co-Founder and Co-Chairman of The Carlyle Group, a philanthropist, and a lifelong Orioles fan.

Subject to obtaining Major League Baseball approval, it is anticipated that the following will become part of the Orioles ownership group:

• Cal Ripken Jr., Orioles legend and National Baseball Hall of Fame Member
• Michele Kang, businesswoman and owner of the Washington Spirit
• The Hon. Kurt Schmoke, former Baltimore Mayor
• Grant Hill, Naismith Basketball Hall of Famer
• The Hon. Mike Bloomberg, business leader and philanthropist
• Bill Miller, investor, philanthropist, and lifelong Orioles fan
• Rick Riedler, business leader and lifelong Orioles fan
• Greg Baroni, business leader and lifelong Orioles fan
• Stan, Allison, and Albert Chen, business leaders and lifelong Orioles fans
• Kate Ramsdell, lifelong Orioles fan
• Lauren Tabak Fass, attorney and philanthropist
• Jason Reese, business leader

“To own the Orioles is a great civic duty,” said Rubenstein. “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 takes over control of the Orioles from John Angelos, who became Orioles Chair, CEO, and Control Person in 2019.

The Orioles won 101 games last season, are the first team in history to be ranked number one in the farm system for three consecutive years, and have five of the top 32 prospects in all of baseball, the team announced.

“Our job is to build on these accomplishments to advance a world-class professional sports agenda – with eyes on returning a World Series trophy to Baltimore,” Rubenstein added.

A press conference has been scheduled for 11 a.m. on March 28 at Oriole Park.

This article was written with the assistance of AI and reviewed by a human editor.