Cal Ripken Jr. and Grant Hill are part of the financier group that has concurred to buy the Baltimore Orioles, and so are previous New York Mayor Michael Bloomberg and previous Baltimore Mayor Kurt Schmoke.
The group is headed by Baltimore native David Rubenstein, co-founder of the Carlyle Group. Additional financiers were exposed in a news release Wednesday revealing the contract inbetween Rubenstein and the Angelos household.
“I am ecstatic to when onceagain be a part of the Orioles company and I thank David for consistingof me in the ownership group,” Ripken stated in a declaration. “The Orioles haveactually been a part of my life consideringthat I was a kid, and this is a unique day.”
The Angelos household has run the group for the past 3 years and is selling a control stake in the group to Rubenstein for $1.725 billion.
“I am grateful to the Angelos household for the chance to signupwith the group I haveactually been a fan of my whole life. I appearance forward to working with all the Orioles owners, gamers and personnel to develop upon the extraordinary success the group hasactually accomplished in current seasons,” Rubenstein stated. “Our cumulative objective will be to bring a World Series prize back to the city of Baltimore. To the fans I state: We do it for you and can’t do it without you.”
John Angelos, the club’s existing chairman, will stay as a senior advisor.
“I am personally dedicated to assisting David and his partners take the franchise to the next level,” Angelos stated. “We think this deal is fantastic for Major League Baseball and excellent for the city of Baltimore and Maryland. We are glad to the fans and advocates cheering on the O’s as we reached this crucial objective — and who will be with us commemorating more success to come.”
Rub