Orioles’ David Rubenstein admits what MLB owners don’t want fans to know: They’re making a ton of money

David Rubenstein said the quiet part out loud. This week, the Baltimore Orioles owner admitted that yep, team owners make a ton of money, which is perhaps not the message the league wants to convey weeks before the owners are expected to initiate a lockout and work stoppage. The collective bargaining agreement expires at 11:59 p.m. ET on Dec. 1.

"A lot of my friends were buying teams, and I realized they're making money. They're making more money than I'm making in private equity," Rubenstein said Thursday at a forum with other pro sports owners at the Economic Club of Washington, D.C., per Baltimore Baseball. "I thought I should look at it as a financial thing, but ultimately I bought the Orioles for a philanthropic purpose. I grew up in Baltimore, as people know. I didn't think I'd done enough for Baltimore, so I bought the team to help revive the team a bit and ultimately revive Baltimore because Baltimore had some challenges."

Rubenstein also said the "owners care more about winning than making money (but they're) not against making money."

This is refreshing honesty from Rubenstein, really. It wasn't too long ago that MLB's owners were telling fans that…

Original source: https://www.cbssports.com/