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Rubenstein's group includes Orioles great and
Baseball Hall of Famer Cal Ripken Jr., former New York City
Mayor Michael Bloomberg and Basketball Hall of Famer Grant Hill
among other investors.
"I congratulate David Rubenstein on receiving approval from the
Major League clubs as the new control person of the Orioles,"
MLB Commissioner Robert Manfred said in a statement.
"As a Baltimore native and a lifelong fan of the team, David is
uniquely suited to lead the Orioles moving forward. We welcome
David and his partners as the new stewards of the franchise."
John Angelos had officially taken over as MLB's control person
of the Orioles in 2020 given the failing health of his father
Peter, who died on Saturday at the age of 94. The elder Angelos
purchased the Orioles in 1993 for $173 million.
"On behalf of Major League Baseball, I thank the Angelos family
for their many years of service to the game and the communities
of Baltimore," said Manfred. "Peter Angelos loved baseball,
loved Baltimore and was an important part of MLB for more than
three decades."
The 74-year-old Rubenstein will now oversee an Orioles team that
finished first in the American League East division last year
before being swept from the AL Division Series by the eventual
World Series champion Texas Rangers.
Baltimore will launch their 2024 MLB season on Thursday at home
against the Los Angeles Angels.
"I'm breathing again...MLB just unanimously approved the deal!
@orioles, the Next Chapter has begun! Go O's!" Rubenstein wrote
on social media.
(Reporting by Frank Pingue in Toronto; Editing by Toby Davis)
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