Rubenstein on the Billion Dollar Sports Boom
Baltimore Orioles owner David Rubenstein discussed the business of professional sports ownership, franchise valuations, and his motivations for purchasing the team.
Baltimore Orioles owner, Carlyle Group co-founder and host of Bloomberg's Peer to Peer Conversations David Rubenstein tells David Gura that he bought his hometown team in part to help revitalize Baltimore and says sports owners tend to prioritize winning over operating profits. Rubenstein also discusses soaring franchise valuations and his new book, Inside the Owner’s Box, which examines the business and leadership of professional sports ownership. (Source: Bloomberg)
READ NEXT
More on the wire
AI TLDR
A Texas Public Opinion Research poll shows Democratic candidate James Talarico leading Attorney General Ken Paxton by 5 points in the upcoming Senate race. Talarico holds 49 percent support compared to Paxton's 44 percent.
AI TLDR
Governor Kathy Hochul's administration awarded a $1 billion Medicaid contract without competitive bidding. The project, originally intended to centralize county application processes, has become one of the state's most expensive active contracts.
AI TLDR
Identical twin doctors have returned to their hometown to work in the emergency room where they grew up. The brothers noted their humble beginnings, having grown up without running water.