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Tampa Bay Rays Sold for $1.7 Billion: New Ownership Takes Over

9/9/2025

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Summary

Story summary

Stu Sternberg is selling the Tampa Bay Rays for approximately $1.7 billion to a group led by Patrick Zalupski.
Sternberg will keep a 10% share initially, planning to exit completely later.
The sale is expected to finalize at the end of the regular season.
Zalupski and Bill Cosgrove are the main investors, with Rick Workman holding the third-largest stake.
The Rays are likely to remain in the Tampa Bay area.

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Story summary

Stu Sternberg is selling the Tampa Bay Rays for approximately $1.7 billion to a group led by Patrick Zalupski.
Sternberg will keep a 10% share initially, planning to exit completely later.
The sale is expected to finalize at the end of the regular season.
Zalupski and Bill Cosgrove are the main investors, with Rick Workman holding the third-largest stake.
The Rays are likely to remain in the Tampa Bay area.