Editing Baltimore Orioles (section)

====2024====

In January 2024, John Angelos reached a $1.7 billion deal to sell the Orioles to a group led by [[David Rubenstein]], a Baltimore native and founder of [[The Carlyle Group]]. The group includes Cal Ripken, New York investment manager Michael Arougheti, former Baltimore mayor [[Kurt Schmoke]], businessman [[Michael Bloomberg]] and NBA hall of famer [[Grant Hill]]. For tax reasons, the group would acquire 40% of the team with the Angelos family selling the remainder of Peter Angelos' stake after his death. The deal includes the Orioles' majority stake in MASN.<ref>{{cite news |last1=Kostka |first1=Andy |last2=Wood |first2=Pamela |last3=Allentuck |first3=Danielle |title=John Angelos agrees to sell Orioles to group led by David Rubenstein, Cal Ripken Jr. |url=https://www.thebaltimorebanner.com/sports/orioles-mlb/baltimore-orioles-sale-john-angelos-david-rubenstein-JXHAPWXKSNFS7JR3K6KRCC4LEY/ |access-date=January 31, 2024 |work=The Baltimore Banner |date=January 31, 2024 |language=en}}</ref><ref>{{cite news |last1=Trister |first1=Noah |title=David Rubenstein has a deal to buy the Baltimore Orioles for $1.725 billion, AP source says |url=https://apnews.com/article/baltimore-orioles-david-rubenstein-sale-dffd7b500dc97d432ad1e739df656a67 |access-date=January 31, 2024 |work=AP News |date=January 31, 2024 |language=en}}</ref><ref>{{cite news |last1=Kostka |first1=Andy |title=Kurt Schmoke and Michael Bloomberg part of new O's ownership, sources say |url=https://www.thebaltimorebanner.com/sports/orioles-mlb/orioles-ownership-group-michael-bloomberg-kurt-schmoke-grant-hill-david-rubenstein-cal-ripken-jr-QACXXKA3UJCUNHK4FOSQG25TPQ/ |access-date=January 31, 2024 |work=The Baltimore Banner |date=January 31, 2024 |language=en}}</ref> Peter Angelos died aged 94 on March 23, 2024;<ref>{{cite news |last1=Barker |first1=Jeff |last2=Walker |first2=Childs |last3=Klingaman |first3=Mike |title=Orioles owner Peter Angelos dies at 94 |url=https://www.capitalgazette.com/2024/03/23/peter-angelos-orioles-owner-dies/ |access-date=March 23, 2024 |work=[[Capital Gazette]] |date=March 23, 2024}}</ref> his death occurred four days before the sale of the Orioles was finalized.<ref>{{cite news|url=https://www.si.com/nfl/ravens/news/baltimore-orioles-owner-peter-angelos-dies-steve-bisciotti-statement|title=Baltimore Orioles Owner Peter Angelos Dies at 94; Ravens' Steve Bisciotti Reacts|first=Timm|last=Hamm|publisher=Sports Illustrated|date=March 24, 2024|accessdate=March 24, 2024}}</ref>

On August 1, 2024, the Orioles' majority ownership group led by private equity billionaire David Rubenstein took full control of the team, when a deal closed for the group to purchase the remainder of the organization.[https://www.mlb.com/orioles/news/orioles-ownership-deal-closes]