Billionaire David Rubenstein is one of multiple suitors in talks to buy the Baltimore Orioles, according to Bloomberg's Gillian Tan.
The majority of the team has been owned since 1993 by 93-year-old billionaire Peter Angelos.
The sale to Rubenstein "has not been finalized and talks may still fall apart," Tan reported.
If the deal goes through, however, it could be announced in the first six months of 2024, according to Tan.
Rubenstein is the co-founder of the private equity firm Carlyle Group Inc. and has a reported net worth of $4.6 billion, per Forbes.