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Private Equity Chief, David Rubenstein, Buys Baltimore Orioles for $1.7 Billion

Carlyle Group founder and billionaire, David Rubenstein, has reportedly led a buyer group to purchase the Baltimore Orioles for $1.7 Billion. The buyer group reportedly includes David Rubenstein as the lead person, and Iron Man, and Cal Ripken, Jr, amongst others. The group will reportedly own about 40% of the club.

The team was originally purchased by Peter Angelos inn 1993 for $173 Million.

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