• Loading stock data...
Friday, October 10, 2025
One week until Asset Class at the NYSE Request to Attend

Fresh Off Turnaround Season, The Orioles Could Be Facing Big Changes

  • MLB team reportedly nears sale agreement with local native and billionaire.
  • Deal potentially arriving amid critical juncture for club as lease deadline nears.
Baltimore Orioles
Brent Skeen-USA TODAY Sports

Just as the Baltimore Orioles are set to begin a critical new era, they could welcome a new franchise owner to the helm. 

The Orioles, who are majority-owned by the 94-year-old Peter Angelos and led by his son, team chair and CEO John Angelos, are in talks to sell to Carlyle Group Inc. founder David Rubenstein, according to a Bloomberg report. 

Born and raised in Baltimore, Rubenstein was previously a deputy domestic policy advisor to president Jimmy Carter. He has been an active philanthropist and leader of his private equity group, and he currently holds an estimated net worth of $3.6 billion. 

The club carries an estimated value of $1.7 billion.

Lease Negotiations

Representatives for Rubenstein and the Orioles have not commented, but if the deal happens, it would come at a particularly crucial juncture for the team. The Orioles and the Maryland Stadium Authority are facing a Dec. 31 deadline to finalize a 30-year lease extension that would not only keep the team at the publicly owned Camden Yards, but it could lead to mixed-use development around the venerable ballpark.

Those two parties previously completed a memorandum of understanding, but as the deadline for a final deal approaches, division has resurfaced over how to approach the development. State officials would prefer to complete development parameters after first finalizing a more narrow lease extension, but the club is pushing to have all elements considered in a larger agreement.

The potential ownership shift also arrives on the heels of a renaissance season for the Orioles, who in 2023 enjoyed a 101-win regular season before losing in the Division Series to the eventual World Series-winning Texas Rangers.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

exclusive

LSU Signs Multimillion-Dollar Jersey Patch Deal Before NCAA Approval

A new proposal would allow jersey sponsors in 2026.

NFL Viewership Reaches Highest Level Since 2010, Up 8% from 2024

Through Week 5, the league’s audience levels are at a 15-year high.
May 10, 2025; New York, New York, USA; Singer Bad Bunny watches game three of the second round for the 2025 NBA Playoffs between the Boston Celtics and the against the New York Knicks at Madison Square Garden.
opinion

How NFL Can Get Its Arms Around Bad Bunny Situation

The league could try to balance Bad Bunny with a MAGA-friendly performer.
Sep 1, 2025; Chapel Hill, North Carolina, USA; North Carolina Tar Heels head coach Bill Belichick on the field before the game at Kenan Stadium

UNC’s Disastrous Season Continues With Report of NCAA Rules Violation

A UNC cornerbacks coach reportedly gave sideline passes to a player’s family.

Featured Today

Paul Cartier

Sports Organists Are Still Thriving in the Era of Raucous Arena Music

“When they walk out and they see a real organ guy, it’s like, ‘Wow.’”
Sep 27, 2025; Milwaukee, Wisconsin, USA; Milwaukee Brewers center fielder Jackson Chourio (11) rounds the bases after hitting a home run during the sixth inning against the Cincinnati Reds at American Family Field.
October 4, 2025

Milwaukee Moneyball: Brewers Are Beating MLB’s Deeper Pockets

Milwaukee is holding its own against big-budget competitors.
Kōloa Rum Company Rum Rusher
September 27, 2025

Panthers Bubbly, Jets Wine, Manning Whiskey: The Sports Booze Boom

A sommelier dives into the sports booze trend—and tries Jets wine.
Nov 17, 2024; Pittsburgh, Pennsylvania, USA; Pittsburgh Steelers fans wave Terrible Towels against the Baltimore Ravens during the fourth quarter at Acrisure Stadium
September 26, 2025

Steelers’ Irish Roots Are Deeper Than NFL Dublin Game

The Steelers have history and the foundation for a future in Ireland.
Cleveland Browns quarterback Dillon Gabriel (5) throws as quarterback Shedeur Sanders (12) looks on during rookie minicamp May 9, 2025, in Berea.

Browns Paying $41.6M to 8 QBs, but Only 2 Are on Their..

Cleveland traded Joe Flacco to the Bengals this week.
October 6, 2025

Connor McDavid Signs Short-Term Deal, Eyeing Oilers’ Cup Window

The three-time Most Valuable Player signs for below his market value.
October 9, 2025

The Yankees’ $319M Roster Flopped. Now Comes the Hard Part: 2026

The MLB club’s current contracts limit its flexibility somewhat for next year.
Sponsored

How Jenny Just Is Shaping the Future of Sports Ownership

Jenny Just on bringing her investment experience to sports ownership.
October 1, 2025

Cardinals Vow Changes Coming After Historic Attendance Drop

A stalwart franchise looks to correct an alarming slide in attendance.
September 30, 2025

Tyreek Hill’s Injury Complicates Financial Future With Dolphins

Releasing the receiver after this season would cost $28 million.
Jun 12, 2025; New York City, New York, USA; New York Mets first baseman Pete Alonso (20) and relief pitcher Edwin Diaz (39) celebrate after defeating the Washington Nationals at Citi Field.
September 29, 2025

Two of the Mets’ Biggest Stars Could Dictate Important Offseason

The Mets missed the playoffs despite having one of baseball’s highest payrolls.
September 29, 2025

Mariners to End 37-Year RSN Run, Join MLB’s In-House Media Model

The Mariners-owned regional sports network is shutting down operations.