Report: Angelos family to sell Orioles to private equity billionaires

(Photo credit: Mitch Stringer-USA TODAY Sports)
John P. Angelos agreed to sell the Baltimore Orioles to private equity billionaires David Rubenstein and Mike Arougheti, Puck News reported Tuesday.

The transaction values the Orioles at $1.725 billion, according to the report.

Rubenstein, a Baltimore native, had previously shown interest in buying the Washington Nationals. He and the New York-based Arougheti are both foun