MLB owners unanimously approve Orioles sale to David Rubenstein NBC4 Washington [Video]

Major League Baseball unanimously approved the sale of the Baltimore Orioles to David Rubenstein on Wednesday.

Rubenstein, a Baltimore native, purchased the team from the Angelos family for $1.725 billion.

Commissioner Robert Manfred released a statement following the league’s approval:

Rubenstein, a co-founder of the private equity firm The Carlyle Group, and lead co-purchaser Mike Arougheti will initially acquire a 40% stake in the club.  

Rubenstein has an estimated net worth of $3.7 billion, while Arougheti’s is estimated to be $1.8 billion, per Forbes.

“To own the Orioles is a great civic duty,” Rubenstein said. “On behalf of my fellow owners, I want the Baltimore community and Orioles fans everywhere to know that we will work our hardest to deliver for you with professionalism, integrity, excellence, and a fierce desire to win games.

“I thank John Angelos and his family for all they have done to bring us to this point. John led a dramatic overhaul of the team’s management, roster, recruitment strategy, and farm …