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Axios
Axios
Business

New Baltimore Orioles owner David Rubenstein discusses the deal

David Rubenstein Orioles Baltimore Peter Angelos Ted Leonsis Axios

Private equity billionaire David Rubenstein purchased The Baltimore Orioles on Wednesday after getting unanimous approval from Major League Baseball.

The big picture: He becomes the club's first new owner in more than three decades and only its fifth since 1954. He tells Axios that his "job is to stand out of the way."

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