For the first time in three decades, the Orioles will have a managing owner not named Angelos on Opening Day.
Major League Baseball’s owners on Wednesday unanimously approved David Rubenstein as the new controlling owner of the Baltimore Orioles, a day before the team’s 2024 season begins. The vote, conducted during a conference call, means that for the first time in three decades, the Orioles will have a managing owner not named Angelos on Opening Day.40 percent of a franchise that was valued at $1.7 billion for the purpose of the transaction.
In a statement, Major League Baseball Commissioner Rob Manfred thanked the Angelos family “for their many years of service to the game and the communities of Baltimore,” and said that “as a Baltimore native and a lifelong fan of the team, is uniquely suited to lead the Orioles moving forward.” “Baltimore was always my first interest because I grew up in Baltimore. I was raised there, I was educated there,” Rubenstein said in a recent phone interview. “It’s much more appealing to me for many reasons. And also, I think the team is actually in extremely good shape despite the fact that they didn’t have a lot of money in recent years.”For years, Baltimore fans expressed frustration about how much the Angelos family was willing to invest in its on-field product.
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