MLB owners to vote Wednesday on Orioles sale to David Rubenstein
BALTIMORE -- Major League Baseball's owners are set to vote Wednesday on David Rubinstein's purchase of the Baltimore Orioles for $1.725 billion, according to The Athletic.
The update comes after the death of longtime Oriole's owner Peter Angelos on Saturday.
The sale of the team was approved by the Maryland Stadium Authority last week. MLB owners must have a 75% approval vote before Rubinstein takes over.
Rubinstein and his ownership group will have a 40% stake in the team if the deal is finalized.
The rest of the team's ownership will remain with the Angelos family until a second acquisition, where Rubinstein will likely acquire a larger stake.