Stu Sternberg, principal owner of the Tampa Bay Rays, is reportedly in advanced talks to sell the franchise to a Florida-based group led by residential developer Patrick Zalupski for around $1.7 billion. Sternberg acquired the team in 2004 for $200 million. Recent events, including Hurricane Milton severely damaging Tropicana Field, have affected his commitment to a new stadium project in St. Petersburg, which previously seemed promising. The situation has prompted MLB officials to encourage Sternberg to sell the team amid uncertainty about future stadium plans.
Tampa Bay Rays principal owner Stu Sternberg is in advanced talks to sell the franchise to a Florida developer group led by Patrick Zalupski, valued at $1.7 billion.
Sternberg's commitment to building a new stadium has weakened after Hurricane Milton damaged Tropicana Field, leading MLB officials to urge a franchise sale.
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