It’s a good day for everyone who’s tired of John Angelos being in control of their favorite baseball team. The sale of the Orioles, rumored several months ago, has reportedly been agreed to. Sports business journalist John Ourand of Puck News reported on the sale on Tuesday evening.
Ourand’s report indicates that two men who have amassed multi-billion dollar fortunes in the world of private equity have joined to purchase the team. David Rubinstein, a Baltimore-born former chairman of the Carlyle Group who was linked to the team in last year’s rumors, is one of the two who’s agreed to pay $1.