David Rubenstein of the Carlyle Group and Mike Arougheti of Ares Management Corporation will reportedly purchase the Baltimore Orioles franchise from the Angelos family for $1.725 billion ...

Last month, after repeated denials that the team was on the market, the Baltimore Orioles announced that the club was being sold to David Rubenstein and Mike Arougheti, two hedge fund billionaires.

The question that will define the Orioles’ season isn’t going to be whether they spent enough, but did they spend it well?

David Rubenstein's bid to purchase the Baltimore ... Rubenstein and lead co-purchaser Mike Arougheti will initially acquire a 40% stake in the club. That stake, by mutual agreement, is expected ...