Carlyle Group Founder Agrees to Acquire MLB Baltimore for 2.3 Trillion Won

Will Baltimore, a ‘low-budget team’, transform like Cohen’s Mets?

The ownership of the American Professional Baseball (MLB) Baltimore Orioles is changing.

According to the Associated Press and CNN on the 31st (Korean time), David Rubenstein, co-founder of the Carlyle Group,

agreed to acquire Baltimore from the team’s owner, the Angelos family.

The acquisition price is $1.725 billion (approximately 2.3 trillion won). 바카라사이트 추천

It is 10 times the price paid by Peter Angelos in 1993 ($173 million).

It is reported that the investment consortium formed by Rubenstein includes Michael Arrugetti, co-founder of Ares, and Cal Ripken Jr., the ‘iron man’ from Baltimore.

According to this agreement, Rubenstein plans to first purchase approximately 40% of the shares from the Angelos family and then acquire the remainder after Peter Angelos’ death.

The Athletic, a sports media outlet, analyzed, “With this, the Angelos family was able to save millions of dollars in capital gains tax.”

For the deal to be finalized, it must receive 75% of the votes from the 30 major league clubs.

It is expected that it will take several months to receive final approval.

According to Forbes, David Rubenstein’s net worth is estimated at about $3.7 billion.

He is reportedly a long-time fan of his hometown team, Baltimore.

Baltimore, a representative low-budget club in the Major League, can expect full support from its new owner.

According to Sportstrack, a website specializing in salaries, Baltimore’s total salary for the 2023 season was $71.06 million,

the second lowest in the major leagues after the Oakland Athletics ($62.24 million).

The team that spent the most money last year was the New York Mets ($343.6 million), owned by Steve Cohen.

After acquiring the Mets in 2020, Cohen, a hedge fund mogul,

recruited Max Scherzer, Justin Verlander, and Senga Kodai as if collecting luxury goods.

Baltimore advanced to the postseason for the first time in seven years last year with 101 wins and 61 losses (a winning percentage of 0.623) and the highest winning percentage in the American League,

but was eliminated in the division series without winning a single game.

The last World Series Championship was in 1983, before the Angelos family took over the club.