Cal Ripken Jr., Grant Hill Part Of Group Buying Baltimore Orioles

Cal Ripken Jr. and Grant Hill are among the investors in the group that has reached an agreement to acquire the Baltimore Orioles.

Ripken expressed his excitement about being part of the Orioles organization again, emphasizing the team's significance in his life since childhood. I Photo: Cal Ripken Jr. Facebook

Former New York Mayor Michael Bloomberg and former Baltimore Mayor Kurt Schmoke are also part of the investor group, as reported by Noah Trister for the Associated Press (AP).

The acquisition group is led by Baltimore native David Rubenstein, co-founder of the Carlyle Group.

Additional investors were disclosed in a news release on Wednesday announcing the agreement between Rubenstein and the Angelos family, who have owned the team for the past three decades.

Ripken expressed his excitement about being part of the Orioles organization again, emphasizing the team's significance in his life since childhood.

The Angelos family is selling a controlling stake in the team to Rubenstein for $1.725 billion.

Rubenstein conveyed his gratitude to the Angelos family for the opportunity to join the team and his commitment to working with all Orioles stakeholders to build upon the team's recent successes, aiming to bring a World Series trophy back to Baltimore.

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