Orioles owner reveals MLB teams are highly profitable before lockout talks

David Rubenstein, owner of the Baltimore Orioles, acknowledged in an interview with Baltimore Baseball that MLB team owners are generating substantial profits. He stated that his peers in ownership were making more money than he did in private equity. His admission comes as MLB prepares for potential labor disputes ahead of the December 1 expiration of the collective bargaining agreement. Rubenstein expressed a philanthropic motive for his purchase of the Orioles, aiming to support both the team and the city of Baltimore, which faces challenges. Meanwhile, discussions between MLB and the Players Association are ongoing as they navigate proposals to avoid a lockout.

• 3:52 PMCBS Sports — Orioles' David Rubenstein admits what MLB owners don't want fans to know: They're making a ton of money