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Rays could move to Tampa after $1.7 billion sale finalizes

HILLSBOROUGH COUNTY, FLORIDA, JUL 14 – The $1.7 billion sale follows stalled stadium plans after Hurricane Milton damaged Tropicana Field and public funding disputes delayed the project, prompting temporary team relocation.

  • A group led by Patrick Zalupski is reportedly poised to purchase the Tampa Bay Rays franchise for roughly $1.7 billion from Stuart Sternberg.
  • Sternberg, who originally took control of the team in 2005 for $200 million, has overseen two pennant wins during his tenure as owner.
  • The proposed sale comes amid stadium uncertainty, with Tropicana Field undergoing repairs due to hurricane damage and set to reopen in 2026.
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Deal made in principle to sell MLB Rays for $1.7 bn: report

An agreement in principle has been reached for Major League Baseball's Tampa Bay Rays to be acquired by developer Patrick Zalupski for about $1.7 billion, The Athletic reported Monday.

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regionalmedianews.com broke the news in on Monday, July 14, 2025.
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