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Baltimore OriolesDavid Rubenstein group · since 2024
Payroll data through2026
Value 2026$2.1BPayroll rank17 of 30Spending index94.9
Baltimore Orioles Ownership
Owner: David Rubenstein group · since 2024 · AL East
Budget generosity50near the median
Patience40quick to change
Win-now or build22build
Last five seasons-2.2 a yearsteady
- Peter Angelos group: over 30 seasons (1994 to 2023) the club paid on average 1 times the league median payroll and ranked 15.3 on average. Best payroll rank 1st (1996, 1998); worst 30th (2020, 2021, 2022).
- Last five seasons (2019 to 2023): 0.39 times the median, average rank 29.4.
- The club named 4.3 new managers per ten seasons (1994 to 2023); the league average over the same seasons was 3.6.
- After a losing season (win percentage under 0.480) the spending index moved -11.4 points on average, across 16 such seasons.
Scores run 0 to 100 and describe what the club did under this owner: budget generosity is payroll relative to the league median (50 is the median, 100 is double); patience is how rarely the club changes managers; win-now or build is whether payroll rose or fell after a losing season. They are our summary of public numbers, not a judgment of a person.
- Owner
- David Rubenstein group
- Principals
- David Rubenstein
- Owner since
- 2024
- Reported price
- $1.725 billion
- Forbes value (2026)
- $2.1B
- Revenue
- $355M
- Operating income
- $23M
- Payroll 2026
- $167.0M, rank 17 of 30
- Seasons over the tax line, 2003 to 2025
- 0
- Tax paid 2022 to 2025
- $0
| # | Owner or group | Seasons | Type | Reported price | Notes |
|---|---|---|---|---|---|
| 1 | Edward Bennett Williams | 1980 to 1988 | individual | $12 million | Died 1988; his widow sold the club in December 1988 |
| 2 | Eli Jacobs group Eli Jacobs, Larry Lucchino, Sargent Shriver, Bobby Shriver | 1989 to 1993 | group | $70 million | Purchase announced December 5, 1988; American League owners approved it April 18, 1989, two weeks into the season. Sold at a bankruptcy-court auction in August 1993 |
| 3 | Peter Angelos group | 1994 to 2023 | group | $173 million | Won the club at the August 2, 1993 auction; the American League approved the sale on October 4, 1993. Peter Angelos died in 2024; his family sold the club to a group led by David Rubenstein |
| 4 | David Rubenstein group | 2024 to now | group | $1.725 billion | Deal reached January 2024; the group took full control on August 1, 2024. |
| List year | Value | Revenue | Operating income |
|---|---|---|---|
| 2026 | $2.1B | $355M | $23M |
| 2025 | $1.9B | $366M | $65M |
| 2024 | Data pending | Data pending | Data pending |
| 2023 | $1.71B | $264M | $57M |
| 2022 | $1.38B | $251M | $83M |
| 2021 | $1.4B | Not listed | Not listed |
| 2020 | $1.4B | Not listed | Not listed |
| 2019 | $1.3B | Not listed | Not listed |
| 2018 | $1.2B | Not listed | Not listed |
| 2017 | $1.2B | Not listed | Not listed |
| 2016 | $1B | Not listed | Not listed |
| 2015 | $1B | Not listed | Not listed |
| 2014 | $620M | Not listed | Not listed |
| 2013 | $618M | Not listed | Not listed |
- 1Edward Bennett Williams 1980 to 1988
- 2Eli Jacobs group 1989 to 1993
- 3Peter Angelos group 1994 to 2023
- 4David Rubenstein group 2024 to now
| Season | Owner | Payroll | Rank | Index | Payroll share of revenue | Record | Playoffs | Over tax line |
|---|---|---|---|---|---|---|---|---|
| 2026 | 4 | $167.0M | 17 of 30 | 94.9 | 79-82 | No | ||
| 2025 | 4 | $158.6M | 16 of 30 | 98.4 | 44.7% | 75-87 | No | No |
| 2024 | 4 (sale year) | $111.3M | 22 of 30 | 69.3 | 30.4% | 91-71 | Yes | No |
| 2023 | 3 | $71.1M | 29 of 30 | 44.6 | 101-61 | Yes | No | |
| 2022 | 3 | $44.9M | 30 of 30 | 29.9 | 17.0% | 83-79 | No | No |
| 2021 | 3 | $42.4M | 30 of 30 | 31.7 | 16.9% | 52-110 | No | No |
| 2020 | 3 | $23.5M | 30 of 30 | 36.7 | 25-35* | No | No | |
| 2019 | 3 | $73.3M | 28 of 30 | 52.2 | 54-108 | No | No | |
| 2018 | 3 | $130.4M | 19 of 30 | 92.4 | 47-115 | No | No | |
| 2017 | 3 | $175.3M | 8 of 30 | 123.7 | 75-87 | No | No | |
| 2016 | 3 | $154.1M | 9 of 30 | 114.6 | 89-73 | Yes | No | |
| 2015 | 3 | $116.6M | 16 of 30 | 98.6 | 81-81 | No | No | |
| 2014 | 3 | $113.6M | 14 of 30 | 102.8 | 96-66 | Yes | No | |
| 2013 | 3 | $100.1M | 15 of 30 | 100.0 | 85-77 | No | No | |
| 2012 | 3 | $82.9M | 22 of 30 | 84.6 | 93-69 | Yes | No | |
| 2011 | 3 | $90.8M | 17 of 30 | 95.8 | 69-93 | No | No | |
| 2010 | 3 | $62.3M | 22 of 30 | 75.8 | 66-96 | No | No | |
| 2009 | 3 | $67.1M | 23 of 30 | 82.8 | 64-98 | No | No | |
| 2008 | 3 | $67.2M | 22 of 30 | 84.0 | 68-93 | No | No | |
| 2007 | 3 | $93.2M | 10 of 30 | 110.1 | 69-93 | No | No | |
| 2006 | 3 | $72.6M | 15 of 30 | 100.8 | 70-92 | No | No | |
| 2005 | 3 | $73.9M | 14 of 30 | 111.7 | 74-88 | No | No | |
| 2004 | 3 | $51.6M | 20 of 30 | 82.8 | 78-84 | No | No | |
| 2003 | 3 | $73.9M | 13 of 30 | 107.1 | 71-91 | No | No | |
| 2002 | 3 | $60.5M | 16 of 30 | 99.0 | 67-95 | No | ||
| 2001 | 3 | $67.6M | 13 of 30 | 105.6 | 63-98 | No | ||
| 2000 | 3 | $81.4M | 4 of 30 | 144.0 | 74-88 | No | ||
| 1999 | 3 | $80.6M | 3 of 30 | 161.9 | 78-84 | No | ||
| 1998 | 3 | $72.4M | 1 of 30 | 170.4 | 79-83 | No | ||
| 1997 | 3 | $58.5M | 2 of 28 | 139.8 | 98-64 | Yes | ||
| 1996 | 3 | $54.5M | 1 of 28 | 161.7 | 88-74 | Yes | ||
| 1995 | 3 | $43.9M | 5 of 28 | 127.8 | 71-73 | No | ||
| 1994 | 3 | $38.8M | 9 of 28 | 117.5 | 63-49 | No | ||
| 1993 | 2 | $29.1M | 17 of 28 | 85.9 | 85-77 | No | ||
| 1992 | 2 | $23.8M | 22 of 26 | 77.7 | 89-73 | No | ||
| 1991 | 2 | $17.5M | 22 of 26 | 75.7 | 67-95 | No | ||
| 1990 | 2 | $9.7M | 25 of 26 | 55.0 | 76-85 | No | ||
| 1989 | 2 (sale year) | $8.3M | 25 of 26 | 56.8 | 87-75 | No | ||
| 1988 | 1 | $13.5M | 7 of 26 | 109.7 | 54-107 | No | ||
| 1987 | 1 | $13.9M | 4 of 26 | 123.1 | 67-95 | No | ||
| 1986 | 1 | $13.0M | 9 of 26 | 113.2 | 73-89 | No | ||
| 1985 | 1 | $11.6M | 6 of 26 | 114.9 | 83-78 | No |
Owner numbers match the ownership list. Payroll is nominal dollars. * 2020 was a 60-game season. Payroll share of revenue exists for 2021, 2022, 2024 and 2025 only. The tax-line column stops at 2025 because 2026 tax bills are not known until December. How the index is built.
No owner stories are published for this club yet.
More on this club: Baltimore Orioles team page and payroll history.