Orioles Confirm Agreement To Sell Control Stake Of Franchise To Group Led By David Rubenstein ...Middle East

MLBtraderumors - News
Orioles Confirm Agreement To Sell Control Stake Of Franchise To Group Led By David Rubenstein
The Orioles have confirmed yesterday’s reports on a sale of the team, announcing Wednesday that a group of investors led by billionaire David Rubenstein of the Carlyle Group private equity firm has purchased the control stake of the team from the Angelos family for $1.725 billion. Notably, former control person John Angelos will remain a “major investor” in the club and will serve as a senior advisor to Rubenstein in his new role. The transaction values the Orioles franchise and assets at $1.725 billion dollars, per the team’s press release on the ownership shakeup. “I am grateful to the Angelos family for the opportunity to join the team I have been a fan of my entire life,” Rubenstein said

Hence then, the article about orioles confirm agreement to sell control stake of franchise to group led by david rubenstein was published today ( ) and is available on MLBtraderumors ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Orioles Confirm Agreement To Sell Control Stake Of Franchise To Group Led By David Rubenstein )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News