Stu Sternberg to sell Tampa Bay Rays for $1.7 billion
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The Athletic reported Monday that Rays owner Stuart Sternberg had an agreement in principle with Jacksonville-based developer Patrick Zalupski.
Baseball Commissioner Rob Manfred said nothing is off the table when it comes to potential expansion, including the return of a second MLB team to the Bay Area.
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Major League Baseball's July 31 trade deadline is fast approaching, and teams are presently undertaking the prerequisite work of classifying themselves as buyers, sellers, or something lost in the nether regions between.
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.
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Tampa Free Press on MSNTampa Bay Rays Set For New Ownership As $1.7 Billion Sale Nears CompletionPatrick Zalupski Group to Take Reins, Aims to Keep Club in Tampa Area TAMPA, Fla. - The Tampa Bay Rays are on the cusp of a significant ownership change, with a $1.7 billion sale from current owner Stuart Sternberg to a group led by Patrick Zalupski reportedly agreed to in principle.