Tampa Bay, Rays and Zalupski
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A deal to purchase the team from Stuart Sternberg is in place, with a September closing possible. But Sternberg would remain in control until the season ends.
Stuart Sternberg Has Agreed To Sell Rays To Patrick Zalupski, Deal Expected To Be Final By September
The relationship between Sternberg and local officials seemed to sour, as he claimed the delays would lead to massive cost overruns. It was reported in March that the Rays would not be moving forward with the planned deal. That was shortly after it had been reported that league officials had been pressuring Sternberg to sell.
The team is set to be sold to a group led by Patrick Zalupski, CEO and founder of Dream Finders Homes, for approximately $1.7 billion.
The Athletic reported Monday that Rays owner Stuart Sternberg had an agreement in principle with Jacksonville-based developer Patrick Zalupski.
Stuart Sternberg has struck a deal in principle to sell the Rays to a group headed by Jacksonville developer Patrick Zalupski, The Athletic reports.