Orioles control owner David Rubenstein spoke to Yahoo Finance this week at the annual World Economic Forum in Davos, Switzerland. He mentioned twice how the Orioles are in “pretty good shape," endorsed a salary cap and went over some of the ballpark renovations.

The club’s payroll has risen to 15^th in the majors at $156 million, per Roster Resource, and we’re waiting for the outcome of Jorge Mateo’s salary figure exchange. He’s seeking $4 million and the Orioles countered at $3.1 million.

Rubenstein described the payroll as “consistent with our needs,” and added, “I don’t think anybody is not playing with the Orioles because of money reasons."

“Spending the most money doesn’t always guarantee you a World Series championship," he added, "and in fact many times people with smaller payrolls have won the World Series. I’m reasonably optimistic we’re gonna do well this year.”

Rubenstein explained how the luxury tax works, with a penalty incurred for teams going over it.

The High-A Aberdeen IronBirds will operate under different ownership in 2025.

Cal Ripken Jr., 64. has sold his majority stake in the Orioles’ affiliate. However, the Hall of Famer and brother Bill, a former major league infielder and current MLB Network analyst, will remain part of the ownership group.

Attain Sports, led by minor league baseball operator and business leader Greg Baroni, is partnering with the Ripkens by acquiring controlling interest in IB Professional Holdings. The company also owns the Double-A Bowie Baysox and MLB Draft League Frederick Keys.

Terms of the deal weren’t disclosed. Attain Sports sent out a press release.

“Bill and I are proud of what we have been able to bring to our hometown,” Ripken said in a statement. “Since 2002, through the IronBirds and our Ripken Experience Aberdeen youth baseball complex, we have been able to provide wonderful experiences for baseball fans of all ages. At this stage of my life, I thought the timing was right to turn over the day-to-day management of the IronBirds to Greg. I am thrilled that we can partner with such well-respected operators like Greg and Attain Sports.”