Hedge fund founder Trip Miller reportedly joins mix of buyers interested in Tampa Bay Rays
Another Tampa Bay Rays buyer has come to the table, according to The Athletic, which reported Friday that Memphis hedge fund founder Trip Miller created a group that made an all-cash offer to Rays owner Stu Sternberg last week.
The news comes just two days after the Rays released a statement announcing that they are in "exclusive discussions" about a potential sale of the team with a different group. That group is led by Jacksonville-based real estate developer Patrick Zalupski.
Advertisement
'We made an offer last week,' Miller told The Athletic. 'We have had contact with the club over the past month, specifically about our offer.
"If there is an exclusivity period that expires soon, and I don't know when it expires, we would welcome the opportunity to have a deeper discussion with the Rays about our offer."
Miller also told The Athletic that his group is willing to up its offer, if necessary, although he didn't not reveal to The Athletic how much money his group bid or what he deems an overpay for the club.
Sportico reported that Zalupski's group offered $1.7 billion for the Rays.
Advertisement
Miller told The Athletic that, if his group were to acquire the team, he wouldn't move move the Rays from Central Florida. He's not ruling out locations in Orlando, according to The Athletic, which reported that Miller mentioned Hillsborough County in Tampa and Pinellas County in St. Petersburg as potential options.
"This is not a relocation play to another state,' Miller said, via The Athletic. "You won't see the Rays relocating out of Central Florida, whether it was our group or another group.
"The league, that's what they're looking for. Someone who can not only buy the club, but solves the stadium problem."
Miller told The Athletic he believes the total investment, for both the team and its new stadium, will require north of $3 billion.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
15 minutes ago
- Yahoo
Collier County apartments for rent saw slight price decreases in May
Renters in Collier County saw apartment listing prices slightly decrease from April's average of $1,684, an analysis of new data from Apartment List shows. The average apartment listed for rent at $1,679 in May. Average listing prices in Collier County are trending slightly downwards from April's $1,684 price, down 4% from this time last year. The data is inclusive of all bedroom sizes, from studios to three-bedroom units, so while it is a good indicator of how rents are moving in the area, it does not include single family homes for rent, said Chris Salviati, senior housing economist for Apartment List. One-bedroom apartments listed to rent at an average of $1,461, slightly lower than April, when they were $1,465. Since last year, one-bedroom rental prices dropped 4% from $1,522. Two-bedroom apartments listed for rent were slightly lower than April at an average of $1,597, compared to $1,602. Since last year, two-bedroom rental prices dropped 4% from $1,664. Statewide, Florida rental listing prices are no change since April's average of $1,541. In Florida, one-bedroom rentals were listed for an average of $1,301, the same as April. Two-bedroom rental listing prices are steady to April's average of $1,538. In Collier County, the average apartment listed for rent is 9% above the state average. One-bedroom rentals were 12% above the state average, while two-bedrooms listed 4% above. Nationwide, apartment rental listing prices slightly increased from last month's $1,392 to $1,398. One-bedroom rentals across the nation listed for an average of $1,228, just higher than last month's average of $1,223, while two-bedroom rental listing prices slightly rose from last month's average of $1,378 to $1,384. In Collier County, the average apartment listed for rent is 20% above the national average. One-bedroom apartment rentals listed 19% above the national average, with two-bedroom rentals listed 15% above. The average apartment rental prices used in this report are gathered from Apartment List, which estimates the median rent using median rent statistics from the Census Bureau's American Community Survey and a growth rate calculated from their listing data. Read more about their rent estimate methodology here. The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Apartment List. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us. This article originally appeared on Naples Daily News: Collier County apartments for rent saw slight price decreases in May
Yahoo
32 minutes ago
- Yahoo
Bayern hope new Musiala injury not serious after last 16 reached
Bayern Munich coach Vincent Kompany and Jamal Musiala stand together after the FIFA Club World Cup Group C soccer match between Bayern Munich and Boca Juniors at the Hard Rock Stadium. Sven Hoppe/dpa Bayern Munich are once again fretting over star playmaker Jamal Musiala, who limped off in the 2-1 Club World Cup win over Boca Juniors on Friday. Bayern's progression to the last 16 was marred by the Germany international, who had only just returned from a hamstring problem, going off with an apparent calf injury. Advertisement The 22-year-old came on as a second-half substitute but only lasted 25 minutes. "I definitely want to speak to the doctors first," coach Vincent Kompany told reporters. "We're flying to Orlando first and then we will know more." Kompany said he spoke briefly with Musiala after the match. "I hope it's nothing serious," the coach said, adding that he was "reasonably relaxed, although I don't know what the doctors will say." After the final whistle, Musiala still joined his team-mates in celebrating with the Bayern fans in the stands. Musiala had been sidelined for two months ahead of the Club World Cup. Advertisement Following his spectacular three-goal comeback as a substitute in the 10-0 win against Auckland City, he was supposed to gain more match practice against Boca Juniors to be ready for the starting line-up in the knockout phase. This plan now looks in jeopardy. Bayern face second-placed Benfica in the final group stage match in Charlotte on Tuesday to determine the Group C winner.
Yahoo
35 minutes ago
- Yahoo
Brewers take on the Twins after Yelich's 4-hit game
Milwaukee Brewers (41-35, second in the NL Central) vs. Minnesota Twins (37-38, fourth in the AL Central) Minneapolis; Saturday, 2:10 p.m. EDT PITCHING PROBABLES: Brewers: Jose Quintana (4-2, 3.35 ERA, 1.43 WHIP, 35 strikeouts); Twins: Simeon Woods Richardson (2-3, 5.13 ERA, 1.50 WHIP, 43 strikeouts) Advertisement BETMGM SPORTSBOOK LINE: Twins -157, Brewers +132; over/under is 7 1/2 runs BOTTOM LINE: The Milwaukee Brewers take on the Minnesota Twins after Christian Yelich had four hits on Friday in a 17-6 win over the Twins. Minnesota has a 37-38 record overall and a 20-13 record in home games. The Twins rank eighth in the AL with 82 total home runs, averaging 1.1 per game. Milwaukee has a 41-35 record overall and an 18-20 record on the road. The Brewers have a 29-6 record in games when they scored at least five runs. The teams meet Saturday for the fifth time this season. The season series is tied 2-2. TOP PERFORMERS: Trevor Larnach has 11 doubles, a triple, 10 home runs and 35 RBIs while hitting .256 for the Twins. Brooks Lee is 14 for 37 with two doubles and three home runs over the last 10 games. Advertisement Jackson Chourio has 22 doubles, three triples, 12 home runs and 45 RBIs for the Brewers. Isaac Collins is 9 for 30 with a double, a triple, two home runs and six RBIs over the last 10 games. LAST 10 GAMES: Twins: 2-8, .245 batting average, 8.07 ERA, outscored by 37 runs Brewers: 6-4, .275 batting average, 4.25 ERA, outscored opponents by eight runs INJURIES: Twins: Trevor Larnach: day-to-day (hand), Royce Lewis: 10-Day IL (hamstring), Pablo Lopez: 60-Day IL (shoulder), Zebby Matthews: 15-Day IL (shoulder), Luke Keaschall: 60-Day IL (forearm) Brewers: Brandon Woodruff: 60-Day IL (shoulder), Connor Thomas: 60-Day IL (elbow), Blake Perkins: 60-Day IL (shin), Garrett Mitchell: 10-Day IL (oblique), Nestor Cortes: 60-Day IL (elbow), Robert Gasser: 60-Day IL (elbow) ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar. The Associated Press
