Angelos family to sell Orioles for $1.725B to private equity moguls, Cal Ripken Jr. involved, per report ...Middle East

John Angelos and the rest of the Angelos family, the owners of the Baltimore Orioles since 1993, have reportedly agreed to sell the franchise to billionaires David Rubenstein and Mike Arougheti for $1.725 billion, according to John Ourand of Puck. Ourand adds that Rubenstein and Arougheti will initially purchase 40% of the club before buying the rest following Peter Angelos’ death. There is no estimated date on when the deal will close, but it is expected to be discussed at the owners’ meetings scheduled for next week in Orlando, Florida. Orioles legend Cal Ripken Jr. is expected to be part of the incoming ownership group, according to the Baltimore Banner’s Andy Kostka.  As Sportico’s Ebe

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