The Carlyle Group’s co-founder, David Rubenstein, is in talks to acquire the Orioles, according to a report by Bloomberg.
The report said that Rubenstein, 74, a Baltimore native who attended Baltimore City College, is one of those who is interested in buying the team. His net worth is 3.6 billion, according to Forbes.
Orioles Chairman and CEO John Angelos hasn’t said that the team was for sale, and the team didn’t respond to Bloomberg’s request for comment.
Peter Angelos, the team’s managing partner, is 94 and in poor health and hasn’t had an active role in running the team for nearly six years.
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