Rubenstein on the Billion Dollar Sports Boom

David Rubenstein, owner of the Baltimore Orioles and co-founder of the Carlyle Group, told Bloomberg's David Gura that he purchased the team partly to support Baltimore's revitalization and that sports owners typically prioritize winning over operating profits. Rubenstein discussed rising franchise valuations and his book Inside the Owner's Box, which examines the business and leadership aspects of professional sports ownership.

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