• Loading stock data...
Sunday, July 13, 2025

Leonsis Adds Baltimore Orioles to Shopping List

  • Ted Leonsis could bid on the Baltimore Orioles with Carlyle Group co-founder David Rubinstein.
  • It’s unclear if the team will be sold.
Ted-Leonsis-Washington-Wizards
Geoff Burke-USA TODAY Sports

Ted Leonsis and Carlyle Group co-founder David Rubenstein are considering a bid for the Washington Nationals, but they also have a neighboring team on their radar.

The two have reportedly told people connected to the Baltimore Orioles that they would consider bidding if the team became available.

While the Nationals are likely to be sold at some point, the Orioles situation is cloudier.

  • In June, Louis Angelos sued his brother, Orioles chairman and CEO John Angelos, and their mother, Georgia Angelos, alleging that John blocked a plan to sell the team.
  • Louis’ attorneys stated that the brothers’ ailing father, Peter Angelos, established a trust through which Louis and John would share equally in the management and inheritance of all family assets, but John has been working to gain full control over the team.
  • Georgia’s legal filings showed that she retained Goldman Sachs and Jones Day to provide services related to a planned sale.

In March, Forbes valued the Nationals at $2 billion and the Orioles at $1.4 billion.

The MASN Question

A sale of either team could lead to a resolution of the unique broadcasting arrangement between the two teams: The Orioles own 67% of MASN, the independent regional sports network that holds broadcast rights for both teams.

Leonsis could seek to buy out the Nationals’ rights, should he purchase the team. On Tuesday, his Monumental Sports & Entertainment took full control of NBC Sports Washington after purchasing Comcast’s 67% stake.

NBCSW broadcasts the Washington Wizards and Capitals, both of which are owned by Monumental.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Alex Sarr

Wizards Pushing Limits of Youth With 11 Players on Rookie Deals

Washington’s 2025 first-round pick is top-eight protected.

Nationals Hit Reset Button, Oust Rizzo and Martinez Before Draft

The MLB club made major leadership changes just days before the draft.

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.

Bobby Bonilla On Annual $1.2M Payday: ‘It Doesn’t Suck’

The former MLB star receives another $1.19 million from the Mets today.

Featured Today

May 31, 2025; Philadelphia, PA, USA; Sydney McLaughin-Levrone (USA) reacts before the women's 100m hurdles during the Grand Slam Track Philadelphia at Franklin Field
exclusive

Track’s New Money Is Running Into Old Problems

The sport’s big-money era has hit some speed bumps in 2025.
Bobbleheads are seen at Vintage Indy Sports, Tuesday, April 29, 2025 in Speedway. The local sports memorabilia store opened recently.
July 12, 2025

Baseball’s Bobbleheads Are the Center of the Collectibles Universe

Baseball’s most important keepsake drives long lines—and big business.
Rimouski, QC - JUNE 1: Final Game of the 2025 Memorial Cup between the Medicine Hats Tigers and the London Knights on June 1, 2025, at the Colisée Financière Sun Life in Rimouski, Qc.
July 11, 2025

CHL Is Facing a ‘Pandora’s Box’ of Questions Amid NCAA Talent Departure

As players defect to college, the Canadian Hockey League won’t cede ground.
Jun 28, 2025; Arlington, Texas, USA; Seattle Mariners catcher Cal Raleigh (29) bats during the game between the Texas Rangers and the Seattle Mariners at Globe Life Field.
July 9, 2025

The Torpedo Bat Business Is Still Going Strong: ‘Here to Stay’

Demand for the oddly shaped bats has stayed strong across the sport.
Apr 10, 2025; Washington, District of Columbia, USA; (L-R) Washington Capitals owner Ted Leonsis, Capitals left wing Alex Ovechkin (8), Ovechkin's wife Nastya, and sons Sergei and Ilya watch a video during a ceremony honoring Ovechkin's becoming the NHL all-time goals leader prior to the Capitals' game against the Carolina Hurricanes at Capital One Arena.

Ted Leonsis Says His $7B Sports Empire Beats the NFL Model

Why synergy is the future of sports ownership.
July 9, 2009; Auburn Hills, MI, USA; Detroit Pistons president Joe Dumars during the press conference to introduce their new head coach John Kuester at their practice facility.
April 14, 2025

Joe Dumars Leaving NBA League Office to Run Pelicans

Joe Dumars was the architect of the 2004 champion Pistons.
April 25, 2025

The Former NBA Agent Who Became a Pickleball Deputy Commissioner

Chris Patrick went from representing Jimmy Butler to pickleball deputy commissioner.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
March 13, 2025

Junior Bridgeman Was the Prototype for Business Success After Sports

He started with Wendy’s franchises, later expanding into bottling, magazines, and more.
Feb 12, 2023; Glendale, Arizona, US; A$AP Rocky on the sideline after halftime during Super Bowl LVII at State Farm Stadium.
February 27, 2025

A$AP Rocky Could Be Latest Celebrity Owner in English Soccer

Following his acquittal, the rapper is closer to owning Tranmere Rovers.
Oct 23, 2024; Miami, Florida, USA; Miami Heat president Pat Riley addresses the crowd during the Pat Riley Court dedication ceremony at halftime at Kaseya Center.
February 14, 2025

Here’s Where Pat Riley’s Three-Peat Trademark Money Goes

Riley has the phrase trademarked despite having no three-peat of his own.
Dec 1, 2024; Landover, Maryland, USA; Washington Commanders general manager Adam Peters (L) talks with Commanders owner Josh Harris (R) on the field prior to the game against the Tennessee Titans at Northwest Stadium.
December 4, 2024

CEO Leaves $13 Billion Soup Company to Run Commanders

The new president will lead the planning and development of the team’s stadium.