Carlyle Group Inc. co-founder David Rubenstein is reportedly in ongoing discussions to acquire Major League Baseball’s Baltimore Orioles, according to Bloomberg Law. Information from sources closely linked to the matter suggests that Rubenstein is amongst a number of potential suitors pursing a transaction.
Details surrounding the acquisition are deemed confidential by the parties involved and nothing is yet final. The transactions may also potentially fall apart, as would all deals be in their early stages. The details in this report have been ascertained via anonymous sources due to the sensitive nature of the information.
Rubenstein is well-known in the business sphere with a net worth of $4.6 billion, according to Bloomberg. News of his potential acquisition of the Baltimore Orioles could be formally announced in the first half of next year if successful. As of now, no comment on the matter has been forthcoming from neither a representative of the Baltimore Orioles nor from a spokesman for David Rubenstein.
The current majority owner of the Orioles is 94-year-old trial lawyer Peter Angelos. His stance in these discussions remains unknown at this time.
This news builds on growing interest in Major League Baseball franchises from billionaires like Rubenstein. For those interested in further reading, Bloomberg ran a piece on billionaires’ interests in the Leonsis and Nationals teams recently.