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Rays Sold for $1.7 Billion, Stay in Tampa

7/15/2025

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Summary

Story summary

The Tampa Bay Rays are set to be sold for a staggering $1.7 billion to a group led by developer Patrick Zalupski, with the deal expected to close by September. Zalupski is committed to keeping the team in Tampa, as current owner Stu Sternberg navigates the aftermath of Hurricane Milton's damage to Tropicana Field, a challenge he has faced since purchasing the team for $200 million in 2004.

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Story summary

The Tampa Bay Rays are set to be sold for a staggering $1.7 billion to a group led by developer Patrick Zalupski, with the deal expected to close by September. Zalupski is committed to keeping the team in Tampa, as current owner Stu Sternberg navigates the aftermath of Hurricane Milton's damage to Tropicana Field, a challenge he has faced since purchasing the team for $200 million in 2004.