A report indicates that a sale of the Tampa Bay Rays has been agreed to in principle. The transaction involves the transfer of ownership from Stuart Sternberg to Patrick Zalupski’s group, with a transaction value of approximately $1.7 billion. Completion of the sale is anticipated as early as September. Zalupski has expressed a desire to keep the team in the Tampa area, specifically favoring a location in Tampa over St. Petersburg for the franchise's operations.
A sale has been agreed to in principle, transferring ownership of the Rays from Stuart Sternberg to a group led by Patrick Zalupski for about $1.7 billion.
The deal for the Rays is expected to be completed by as soon as September, signifying a major change in the club's leadership.
Zalupski intends to maintain the Rays in the Tampa area, preferring Tampa proper over St. Petersburg for the club's location.
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