Morning Briefing: Angelos Agrees to Sell Orioles
Good morning Mets fans! Today’s biggest news is that Baltimore Orioles owner John Angelos has agreed to sell the team in a deal worth $1.725 billion to a group led by Baltimore billionaire David Rubenstein. Puck News first reported the deal. Mike Arougheti, the co-founder of Ares Management Corp., is a major player in the […]
The post Morning Briefing: Angelos Agrees to Sell Orioles first appeared on Metsmerized Online.
Good morning Mets fans!
Today’s biggest news is that Baltimore Orioles owner John Angelos has agreed to sell the team in a deal worth $1.725 billion to a group led by Baltimore billionaire David Rubenstein. Puck News first reported the deal.
Mike Arougheti, the co-founder of Ares Management Corp., is a major player in the deal. Rubenstein is worth $4.6 billion, according to Forbes, while Arougheti is worth $1.8 billion. Andy Kostka of the Baltimore Banner reports that former Orioles legend Cal Ripken Jr. will be part of the ownership group.
A timeline for the deal to be completed is unknown.
The Orioles surprised many this past season as its young core won 101 games and cruised to an AL East title.
Baltimore is home to some of the sport’s brightest young stars, with the likes of Gunnar Henderson and Adley Rutschman dazzling the loyal fans at Camden Yards.
Due to Angelos’ stingy spending style, it was long expected a number of the young stars finding their stride in the majors were going to follow a path blazed by Manny Machado and find their riches elsewhere after their first contract. With new ownership, there may be reason to be optimistic about that fact.
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On this Date in Mets History
1962: Ralph Kiner officially signed on to the Mets broadcast team, kickstarting a stint full of memorable moments, affectionately remembered as “Kinerisms.”
Birthdays: Alex Claudio (32), Guillermo Heredia (33), Rafael Santana (66), Bob Apodaca (74), Nolan Ryan (77)
The post Morning Briefing: Angelos Agrees to Sell Orioles first appeared on Metsmerized Online.