Orioles Sold?

[Tryptamine]

A rumor that the Orioles were sold to the Carlyle Group for 1.4B is floating out there. I'd usually be happy for Baltimore to get out under from Angelos, but an investment group is almost bound to be just as terrible.

[Tim]

Dodgers are owned by an investment group, so there are exceptions there.

It would be hard to be worse than Angelos.

[Bertz]

The Orioles had a real monkey's paw situation where they begged for Angelos to stop being so hands on and forcing their FO to do dumb crap.  They eventually got their wish, but from that point on the cash mostly dried up.  They haven't had a payroll north of $100M since 2018.  So I mean never say never with the ownership class but I have a hard time seeing how a new owner could be any worse than what Baltimore is currently getting on that front.

[CubinNY]

A lot going down on the ownership front today.

As an aside, the company I work for is owned by the Carlyle Group. They have their hands in everything. And is example #3,000 of how profitable baseball is. 

[Brock Beauchamp]

21 hours ago, Tryptamine said:

A rumor that the Orioles were sold to the Carlyle Group for 1.4B is floating out there. I'd usually be happy for Baltimore to get out under from Angelos, but an investment group is almost bound to be just as terrible.

Angelos is gone!

He sold to an investment group.

[ldnewton2]

Would love to see the departure of the Angelos family, but is there any media reports we can point to that will mention the rumor?

[JHBulls]

Carlyle Group? From “We are buying Manchester United fame.” lol.
 

Take this with a mountain of salt until it’s official.

[Tryptamine]

Looks like there was at least some validity to it

https://www.mlbtraderumors.com/2023/12/david-rubenstein-reportedly-in-talks-to-acquire-baltimore-orioles.html

[Brock Beauchamp]

That fanbase deserves better than the Voldemort they currently have.

[Ding Dong Johnson]

Probably unrelated, but...

 

[CubinNY]

The Carlye Group is buying the Orioles for real. Private Equity taking a bite out of the MLB.