Private equity billionaires David Rubenstein and Mike Arougheti, along with Orioles legend Cal Ripken Jr, are reportedly buying the Baltimore Orioles from owner Peter Angelos for $1.725 billion. Rubenstein is expected to become the Orioles' control person. The investors will initially acquire a 40% stake in the club, which will rise to 60% upon Peter Angelos' demise. The deal, which needs MLB approval, also includes an extension of the team's lease at Camden Yards.