While the Angelos family selling the Baltimore Orioles was huge and welcome news for long-time fans of the franchise, a new report claims the reigning American League East champions were actually sold for a bargain rate.
After months of rumblings that the Orioles could be up for sale, the news broke late last month that a group led by Baltimore native David Rubenstein would be purchasing the team for a whopping $1.72 million. The revelation was met with a great deal of excitement by supporters frustrated with the Angelos family’s lack of aggression to add payroll and improve the roster over the last decade.
The man worth nearly $4 billion brings renewed long-term hope for the franchise that has become a powerhouse in the American League over the last two seasons. And in an era where rival franchises are handing out absurd contracts, wealth is needed to compete at the highest levels of the sport. However, it seems the franchise might have been able to get an even wealthier buyer but chose not to.
Baltimore Orioles sold for lower price than it could have been if officially put on sale
The Angelos family never officially put the organization on sale and kept talks with Rubenstein close to the vest. That approach apparently surprised some owners around the league who believe the franchise could have been sold for far more.
