Cal Ripken Jr. and Grant Hill are part of the investment team that has agreed to buy the Orioles

Cal Ripken Jr. and Grant Hill are part of the investor group that has agreed to buy the Baltimore Orioles. So are former New York Mayor Michael Bloomberg and former Baltimore Mayor Kurt Schmoke. The group is headed by Baltimore native David Rubenstein. He is co-founder of the Carlyle Group. Additional investors were revealed in a news release announcing the agreement between Rubenstein and the Angelos family, which has run the team for the past three decades. The Angelos family is selling a control stake in the team to Rubenstein for $1.725 billion. The sale is subject to a full vote of Major League Baseball ownership.