Bloomberg: Carlyle Group/David Rubenstein In Talks To Purchase Orioles

[Br10n]

10 minutes ago, Frobby said:

Hmmm…

- He’s pledged to give half his fortune to charity 

- He gave $9 mm to the National Zoo for its panda pavillion

- He gave $20 mm to the National Gallery of Art

- He gave $10.5 mm to refurbish the Washington Monument

- He gave $50 mm to the Kennedy Center

- He gave $10 mm to build a library at Mount Vernon (George Washington’s home)

- He gave $20 mm to rebuild buildings at Thomas Jefferson’s Monticello 

- He donated $12 mm to Arlington National Cemetery

- He gave $28.5 mm to the National Parks Foundation 

- He gave $25 mm to the Sloan Kettering Cancer Center

- He gave $10 mm to the Library of Congress 

- He’s given more than $100 mm to Duke University

- He’s given more than $46 mm to University of Chicago Law School

- He’s given $60 mm to the Harvard Kennedy School

- He gave $30 mm to the Johns Hopkins School of Medicine

- He gave $15 mm to PBS

- He’s given $15 mm to the US Holocaust Museum.

https://en.m.wikipedia.org/wiki/David_Rubenstein

But right, “nothing in his history says he will do anything but bleed every dollar out what he buys to enrich himself.”

 

[Br10n]

Just now, Br10n said:

 

I said, things he bought!!!

[jcaponio]

Whether this guy actually buys the team or not, this seems to be the biggest confirmation yet that Angelos is actively looking to sell. To me, that's enough to celebrate for now.

[Warehouse]

Fun fact: Eve Rosenbaum’s father, Greg, was one of five co-founders of the Carlyle Group in 1987 along with David Rubinstein.  However, he ended up leaving the firm within a year and suing for breach of contract. 
 

I don’t know whether David and Greg are currently on friendly terms.

[Ohfan67]

11 minutes ago, Br10n said:

I said, things he bought!!!

You honestly think the Orioles generate the kind of money that a billionaire wants/needs? The operating profit of the Orioles is chump change for this guy. They can make money from selling the team after holding it for years but the guy is 74. 

[Bemorewins]

1 hour ago, SemperFi said:

That's exactly why I imagine it would be so tempting for him at his age.  This is a plug and play contending franchise-how often are sports franchises sold while on top-not many and that's why I think they'll sell at a premium to their valuation.  He's also a BASEBALL fan something I'm not of with JA.

As sold as the O’s are sold, the better it will be for everyone. I am euphoric at the possibility of this Angelos nightmare/curse being over after all these years!!!!!!

[Br10n]

12 minutes ago, Ohfan67 said:

You honestly think the Orioles generate the kind of money that a billionaire wants/needs? The operating profit of the Orioles is chump change for this guy. They can make money from selling the team after holding it for years but the guy is 74. 

I am just saying, nothing business wise says he will be the owner we want.  I was one of thousands of Marylanders that lost their jobs when his group took a Fortune 500 company from greatness to bankruptcy while he made millions and there was no regard for the Marylanders who's lives destroyed.  

[Roll Tide]

10 minutes ago, Br10n said:

I am just saying, nothing business wise says he will be the owner we want.  I was one of thousands of Marylanders that lost their jobs when his group took a Fortune 500 company from greatness to bankruptcy while he made millions and there was no regard for the Marylanders who's lives destroyed.  

I doubt he could be any worse

[backwardsk]

16 minutes ago, Br10n said:

I am just saying, nothing business wise says he will be the owner we want.  I was one of thousands of Marylanders that lost their jobs when his group took a Fortune 500 company from greatness to bankruptcy while he made millions and there was no regard for the Marylanders who's lives destroyed.  

What place was this? I also worked at a company, a start up, that got bought by Carlyle, got chopped up, and then sold. I saw the writing on the wall and jumped ship before I got laid off.

[Frobby]

28 minutes ago, Warehouse said:

Fun fact: Eve Rosenbaum’s father, Greg, was one of five co-founders of the Carlyle Group in 1987 along with David Rubinstein.  However, he ended up leaving the firm within a year and suing for breach of contract. 
 

I don’t know whether David and Greg are currently on friendly terms.

Interesting.  Greg seems to have done okay for himself.   Eve went to school with my kids, and though I don’t know him, he seems to have had a successful career.  

[Br10n]

12 minutes ago, backwardsk said:

What place was this? I also worked at a company, a start up, that got bought by Carlyle, got chopped up, and then sold. I saw the writing on the wall and jumped ship before I got laid off.

 

[Bemorewins]

27 minutes ago, Br10n said:

I am just saying, nothing business wise says he will be the owner we want.  I was one of thousands of Marylanders that lost their jobs when his group took a Fortune 500 company from greatness to bankruptcy while he made millions and there was no regard for the Marylanders whose lives destroyed.  

Anyone/anything including a three legged turtle would be better than anyone with the last name of Angelos!!!

Those of you pretending that there can be something/worse than Peter/John Angelos are FUNNY! They have screwed us fans and the franchise every way they could at every turn possible.

[Br10n]

Are you seriously comparing a start up to a Fortune 500 company!?!?!! Congrats on getting out early.  I had 20 years in when this happened.

 

[24fps]

4 hours ago, RZNJ said:

We used to call that a hatchet job but maybe that’s politically incorrect in this case.  The article sounds silly and anything but objective right from the getgo.

Unspeakably disrespectful to hatchets, no question.  This thread - which began with some of the best news I've heard as an Orioles fan in a very long time - remains poised to erupt into a full-blown dumpster fire.  I don't get it.

[Can_of_corn]

3 minutes ago, Bemorewins said:

Anyone/anything including a three legged turtle would be better than anyone with the last name of Angelos!!!

Those of you pretending that there can be something/worse than Peter/John Angelos are FUNNY! They have screwed us fans and the franchise every way they could at every turn possible.