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, and so are former New York Mayor Michael Bloomberg and former Baltimore Mayor Kurt Schmoke.

The group is headed by Baltimore native David Rubenstein, co-founder of the Carlyle Group. Additional investors were revealed in a news release Wednesday announcing the agreement between Rubenstein and the Angelos family.

“I am excited to once again be a part of the Orioles organization and I thank David for including me in the ownership group," Ripken said in a statement. “The Orioles have been a part of my life since I was a child, and this is a special day.”

The Angelos family has run the team for the past three decades and is selling a control stake in the team to Rubenstein for $1.725 billion.