Fastball

Baltimore Orioles Reportedly Being Sold For More Than $1 Billion

According to reports, the Angelos family is selling the Baltimore Orioles to a pair of billionaires, David Rubenstein and Mike Arougheti.

Brady Farkas

Baltimore Orioles Reportedly Being Sold For More Than $1 Billion
Baltimore Orioles Reportedly Being Sold For More Than $1 Billion /
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According to reports, the Angelos family is selling the Baltimore Orioles to a pair of billionaires. 

A sale had been rumored for months and now appears to be coming to fruition.

Per @Sportico:

NEWS: The Angelos family is selling the @Orioles to a group led by two private equity billionaires: 

David Rubenstein, who started the Carlyle Group 

Mike Arougheti, Ares Management Corp co-founder 

Rubenstein will become the “control person" and the deal values the team at $1.725 billion 

Sportico story to follow

The Orioles, who just won 101 games last season and captured the American League East crown, have not been active at all in free agency, leaving fans frustrated. Perhaps the sale to this group will spur some more action and more spending, which will make fans happy.

However, when new ownership comes in, there's always a concern about the other side of the coin. Will they try to get a new ballpark deal done which impacts taxpayers? Will they threaten relocation? That may seem extreme, but it certainly can happen whenever someone new is in power.

From an on-field perspective, the O's should be one of the best teams in baseball again this season. Even despite the lack of free agent spending, the team boasts some of the best young talent in all of baseball. They have the reigning Rookie of the Year in Gunnar Henderson and the top prospect in baseball in Jackson Holliday, who is expected to make his debut early in 2024.

Spring training begins in just over two weeks.

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Brady Farkas
BRADY FARKAS

Brady Farkas is a baseball writer for Fastball on Sports Illustrated/FanNation and the host of 'The Payoff Pitch' podcast which can be found on Apple Podcasts and Spotify. Videos on baseball also posted to YouTube. Brady has spent nearly a decade in sports talk radio and is a graduate of Oswego State University. You can follow him on Twitter @WDEVRadioBrady. 

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