277 replies to this topic

[Pedro Cerrano]

Per John Ourand. Sold to Rubenstein for $1.75 billion

[BSLMikeLowe]

https://puck.news/th...61383e30194c824

 

The title kinda makes me nervous: "The Orioles Prepare for Private Equity Control"

 

But sounds like it's just a couple PE guys individually and not a PE group.

 

As part of the deal, the group will start off owning about 40 percent of the club. The group will buy Angelos’ remaining stake following the death of Peter Angelos, the family patriarch, who has been incapacitated for years by an illness. MLB owners will receive details of the sale at their annual meeting in Orlando next week. And while Rubenstein and Arougheti have reached an agreement with Angelos, there isn’t a timetable for the deal to close.

What’s not known, of course, is how this deal will impact the Mid-Atlantic Sports Network.

[Pedro Cerrano]

First move give Blake Snell $800 million

[85Knight]

What a great day!

[BSLMikeLowe]

Now I know why Wes Moore was in such a celebratory mood Sunday....cuz it sure wasn't over the football.

 

[Mackus]

Wow!

[Pedro Cerrano]

Wow!

You know it’s major when this is all you get from Mack!

[BSLMikeLowe]

That was Ourand's very first story published on Puck. Quite an auspicious beginning!

[Pedro Cerrano]

I like Ourand. But literally no other MLB reporter is discussing this. Not even anyone local

[BaltBird 24]

I don't believe it.

[dude]

Good.

 

I'll wait out the details like everything else, because they've worked really hard to avoid this, but if this closes out, good news for Oriole fans.

[DuffMan]

LFG!

[BSLMikeLowe]

I like Ourand. But literally no other MLB reporter is discussing this. Not even anyone local

 

Bloomberg was the one who broke the story about Rubenstein back in Dec. This sort of news isn't the kind of thing that gets around in the circles regular baseball beat writers run in.

[Pedro Cerrano]

I BROKE THE NEWS ON BSL

[CantonJester]

Not sure a couple private equity ghouls will be better than the Angelos era, but we shall see.

[BSLMikeLowe]

Not sure a couple private equity ghouls will be better than the Angelos era, but we shall see.

 

If it's just a couple billionaires buying it as a fun toy to try and win trophies with, then I'm not too concerned. So long as it's completely outside the realm of their PE business. Steve Cohen is a hedge fund guy, and clearly that side of his business has no impact on his desire to hand out blank checks for the Mets.

[dude]

First move give Blake Snell $800 million

 

fwiw, I don't want Blake Snell on this team.

[dude]

If it's just a couple billionaires buying it as a fun toy to try and win trophies with, then I'm not too concerned. So long as it's completely outside the realm of their PE business. David Cohen is a hedge fund guy, and clearly that side of his business has no impact on his desire to hand out blank checks for the Mets.

 

Steve Cohen sold the Mets to David?

[BobPhelan]

Rubenstein just retired yesterday and these are legit sources, it’s real.

https://www.washingt...enter-chairman/

[Ravens2006]

Very cautiously on the brink of orgasmic glee.

Yeah, fo reelz...