Sale of Orioles unanimously approved by MLB owners

Major League Baseball owners have unanimously approved of the sale of the Baltimore Orioles to a group led by David Rubenstein. The vote occurred Wednesday during a conference call. 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," said Commissioner of Baseball Robert D. Manfred Jr. Back in January, the Angelos family agreed to sell the team to Rubenstein for $1.725 billion.

Approval had to come first from the Maryland Stadium Authority before the final hurdle of owner's approval was achieved. 'To own the Orioles is a great civic duty,' said Rubenstein. 'On behalf of my fellow owners, I want the Baltimore community and Orioles fans everywhere to know that we will work our hardest to deliver for you with professionalism, integrity, excellence, and a fierce desire to win games.' Rubenstein expressed gratitude towards John Angelos and his family for their contributions to the team over the years, noting John's efforts in overhauling the team's management, roster, recruitment strategy, and farm system.

The group led by Rubenstein, set to take ownership of the Orioles, will include notable figures such as CAL RIPKEN, JR., Orioles legend and National Baseball Hall of Fame Member, MICHELE KANG, businesswoman and owner of the Washington Spirit, THE HON. KURT SCHMOKE, former Baltimore Mayor, GRANT HILL, Naismith Basketball Hall of Famer, THE HON. MIKE BLOOMBERG, business leader and philanthropist, BILL MILLER, investor, philanthropist, and lifelong Orioles fan, RICK RIEDER, business leader and lifelong Orioles fan, GREG BARONI, business leader and lifelong Orioles fan, STAN, ALLISON & ALBERT CHEN, business leaders and lifelong Orioles fans, KATE RAMSDELL, a lifelong Orioles fan, LAUREN TABAK FASS, attorney and philanthropist, and JASON REESE, business leader.

The closing of the sale is scheduled to occur later on Wednesday.