Private-equity billionaire David Rubenstein is on the verge of acquiring control of the Baltimore Orioles, a team he has long pursued. The incoming ownership group, including Rubenstein and Cal Ripken Jr., aims to bring a World Series Trophy back to Baltimore. The Orioles, previously near the bottom in payroll, are now set to spend, potentially shaking up the AL East. The sale is seen as a positive move, with optimism high and the potential for the Orioles to invest in their homegrown talent.
The Orioles finally act like the big boys they are https://t.co/98suuXjt2u
Rubenstein’s group will initially purchase a 40% stake in the franchise, taking over from the Angelos family, who have owned the Orioles since 1993. https://t.co/ERzTz6imKd
Optimism around Orioles should be high with new ownership already paying off https://t.co/WjnMFgCNmh https://t.co/2IenSK44MU
Prior to the Corbin Burnes trade, Baltimore had a payroll of $72.5M, ranked 29 in MLB. Once that new ownership group gets set, the Orioles are gonna start spending, hopefully on some of their homegrown talent.
The Orioles are going for it. What a time to be alive. https://t.co/Pzttm72Y2k
The Orioles acquired an ace in Corbin Burnes. Kept their five best prospects in the process. Entered the winter with the No. 1 prospect and No. 1 farm system. Won 101 games last year. Did we mention Mike Elias was our executive of the year? https://t.co/PqT3Edqn27 https://t.co/yryYZKrsQA
A Great week for Orioles Fans gets here better https://t.co/jvmVnBWGE5
Orioles have legit dynasty potential with new ownership ⭐️🚀 https://t.co/zkAGqlR9j6
Oh the Orioles ain’t playing around anymore https://t.co/JqUNXsJ8Dz
The Orioles are living their best life this week! https://t.co/H8F6WczY6J
THE NEW ORIOLES ARE NOT FUCKING AROUND https://t.co/ogP25AplQq
The Orioles are fresh off a 101-win season, have a top-ranked farm system, and, now, new ownership with big wallets. A new era has arrived in Baltimore.
The Orioles have arguably the best collection of young talent in baseball. And now, they have one of MLB's richest owners. Their future couldn't be brighter. Read more from @Jake_Mintz on the FOX Sports App.
"They haven't been taken care of for two decades" @Ourand_Puck thinks Cal Ripken Jr. being part of the @Orioles new ownership group will help further ignite the fanbase. ▶️ https://t.co/yALFJc1P8l https://t.co/fiWGPQYqRT
"I think it's important to see that he's saying he wants to win" #FTLive reacts to comments made by @Orioles new owner David Rubenstein. ▶️ https://t.co/yALFJc2mXT https://t.co/r2VRU0zezJ
The Orioles Sale Proves a Point by @cran_boy https://t.co/qkxx2HGLhG https://t.co/XQO1qwMzRi
What do we think new @orioles owners do first? Are there free agents out there who can help? What do we think of the Orr promotion to @Ravens DC? @PriscoCBS @1TimMurray @LucilleBurdge Be$t Bet$ @sunjeffbarker @Ourand_Puck and @Ken_Rosenthal give us latest on O's. Huge show https://t.co/uvUNBcincv
Ted Leonsis, who owns the Wizards, Capitals and Mystics, was reportedly in the hunt to purchase the Nationals, at one point teaming up with Rubenstein on a bid. https://t.co/4xXvZ1Ry0g
Five years ago at the Economic Club, I suggested David Rubenstein buy the @Orioles. Glad he followed my advice! https://t.co/AHLLur8RLr
Fired up to get @Ken_Rosenthal's insight on what this sale means for the future of Baltimore baseball on today's show https://t.co/ocQJWcxeaH
The sale of the Baltimore Orioles is very interesting to me, after a day of reading about it. The buyer is a private equity guy and could do all the horrible things that PE does to companies. But the seller is John Angelos, so you've just gotta roll with it and take it as good.
Will the Orioles sale ignite a trade between the Sox and Orioles? Join @Ecnerwal23 & @Sean_W_Anderson as they discuss! https://t.co/zTJqP0Wu4v
Surprising but good news for the @Orioles today. I want to thank the Angelos family for laying a strong foundation with our world-class stadium and young talent – I am excited to see David Rubenstein and Angelos work together to build on that. (1/2)
I am excited to once again be a part of the @Orioles organization and I thank @DM_Rubenstein for including me in the ownership group. (1/2)
What a day to be an Orioles fan! #MLBNews #MLB @SheffieldShuff https://t.co/NKJ8Vs2KD8
More from Ripken: "I look forward to this opportunity and will do whatever I can to help the organization. Let's go O's." #Orioles
From Cal Ripken Jr. "I am excited to once again be a part of the Orioles organization and I think David for including me in the ownership group. The Orioles have been part of my life since I was a child, and this is a special day."
Cal Ripken Jr: “Im excited to once again be a part of (O’s) & I thank David for including me in the ownership group. (O’s) have been a part of my life since I was a child & this is a special day. I look forward to this opportunity & will do whatever I can to help … Let’s go O’s
John Angelos: "This relationship with David Rubenstein and his partners validates that we have not only met but exceeded our goals.” #Orioles
John Angelos: “When I took on the role of Chair and CEO of the Orioles, we had the objective of restoring the franchise to elite status in major league sports, keeping the team in Baltimore for years to come, and revitalizing our partnership group."
David Rubenstein: "I look forward to working with all the Orioles owners, players and staff to build upon the incredible success the team has achieved in recent seasons. Our collective goal will be to bring a World Series Trophy back to the City of Baltimore." #Orioles
Getting hilarious responses to my column on O’s sale. My primary point is that it’s obvious John Angelos was uncomfortable doling out big extensions for current players. If that changes under Rubenstein — and it should — that’s a great trend for O’s & MLB. https://t.co/TaeebFNmcY
Thanks @afkostka. Here's my full statement: “I am grateful to the Angelos family for the opportunity to join the team I have been a fan of my entire life. I look forward to working with all the Orioles owners, players and staff to build upon the incredible success the team has… https://t.co/zYWo8dG1eM
In David Rubenstein's first statement, he says: "Our collective goal will be to bring a World Series Trophy back to the City of Baltimore."
🚨🚨@JonMeoli is back!🚨🚨 The Orioles’ rebuild was conducted with the understanding that the Orioles had to keep payroll costs down. With a new ownership group, Jon writes, everything could change — in a more nuanced way than you might think: https://t.co/rNleUCLZpq
The Orioles' baseball side operated quite well on John Angelos' terms; the business side, not so much. Money changes everything, and soon-to-be owner David Rubenstein will bring plenty. On the brave new world they're all set to enter: https://t.co/8apjDY5Vaq
My take on Angelos agreeing to sell Orioles. First: Be careful what you wish for, cuz unknowns are unknown (Peter was a hero in 93). Second: If ALL David Rubenstein does is spend part of his billions on player extensions, it’s a HUGE step 4 O’s. My column: https://t.co/TaeebFNmcY
David Rubenstein, a Baltimore native and one of the founders of the private equity firm the Carlyle Group, is on the verge of acquiring control of the local sports franchise he has long pursued. https://t.co/CFCN2nF9sk
The Orioles have gone from being cheapskates to having the richest ownership group in baseball. https://t.co/hYcjGX6yyR
"Everything is about to change" The Orioles have been near the bottom of the league in payroll in recent years, but if the Orioles begin to spend it could shake up the AL East ▶️ https://t.co/Oc7BCsv1xu https://t.co/6nKMh5tCa9
The circumstances could not be better for the incoming Orioles' owners, who have an incredible opportunity to distinguish themselves. https://t.co/F7M45wwCfu
Private-equity billionaire David Rubenstein has long had eyes on buying the Baltimore Orioles. Now, after numerous false starts, he is finally on the verge of taking control. https://t.co/j5OSHCk1A5 https://t.co/j5OSHCk1A5
No, the new owners cannot move the Orioles. But what comes next? https://t.co/6bHLt0ZpRo