Sale of Baltimore Orioles unanimously approved by MLB owners
Newsy
The sale of the Baltimore, Maryland-based baseball team was to a group led by private-equity billionaire David Rubenstein.
Major League Baseball owners have unanimously approved the sale of the Baltimore Orioles to a group led by private-equity billionaire David Rubenstein.
The vote to approve took place Wednesday during a conference call and will give Rubenstein's group a 70% share of the team, ESPN reported.
In January, the Angelos family, the team's owners, agreed to sell the team to Rubenstein for $1.725 billion, Scripps News Baltimore reported.
"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. Peter Angelos loved baseball, loved Baltimore, and was an important part of MLB for more than three decades," Commissioner of Baseball Robert D. Manfred Jr. said.
Peter Angelos, the team's former owner, died at 94 this year.
