Several Big Law firms are guiding a deal that will see Major League Baseball’s Baltimore Orioles transfer from former litigator Peter Angelos to private equity titan and lawyer David Rubenstein in a deal worth more than $1.7 billion.
Once approved and finalized, the deal will keep the Orioles as one of the few remaining major US professional sports franchises to be owned by a lawyer.
In more recent years, the soaring valuations of pro sports teams have relegated most lawyers interested in ownership to invest in up-and-coming sports or minor leagues. A lawyer working on the Orioles deal, who requested ...
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