Latest news with #teamSale
Globe and Mail
2 days ago
- Business
- Globe and Mail
Tampa Bay Rays say they're in talks for a potential sale amid stadium uncertainty
The Tampa Bay Rays say they are in 'exclusive discussions' with a Florida investment group for a potential sale of the team. The Rays are valued at $US1.25-billion, according to Forbes magazine. Stuart Sternberg bought the Major League Baseball club for $US200-million in 2004. 'The Tampa Bay Rays announced that the team has recently commenced exclusive discussions with a group led by Patrick Zalupski, Bill Cosgrove, Ken Babby and prominent Tampa Bay investors concerning a possible sale of the team,' the club said Wednesday while declining further comment. The potential sale comes at a precarious time for the Rays and their home ballpark. They are playing this season at the spring training home of the New York Yankees in Tampa after the roof of Tropicana Field in St. Petersburg was heavily damaged during Hurricane Milton last October. Before the hurricane, the Rays and the city had agreed on a plan for a $US 1.3=billion stadium development project next to Tropicana Field. In March, Sternberg said the club was withdrawing from that agreement. St. Petersburg is spending about $US55-million to repair Tropicana Field with a plan for the Rays to return there in 2026. The city and the club have a three-year agreement to play there. Beyond that, the club's future in the Tampa Bay area is uncertain. When the Rays withdrew from the project, the city noted that it was possible the club would have new owners. 'If in the coming months a new owner, who demonstrates a commitment to honouring their agreements and our community priorities emerges, we will consider a partnership to keep baseball in St. Pete,' Mayor Ken Welch said in March. 'But we will not put our city's progress on hold as we await a collaborative and community-focused baseball partner.'
Yahoo
2 days ago
- Business
- Yahoo
The Tampa Bay Rays are in advanced talks to sell team
The Tampa Bay Rays are in advanced talks to sell team A group of investors led by a Jacksonville developer is in exclusive talks to buy the Tampa Bay Rays, the team said Wednesday. In a two-sentence statement, the Rays said the team is discussing a possible sale with Patrick Zalupski, Bill Cosgrove, Ken Babby 'and prominent Tampa Bay investors.' Advertisement Zalupski, 44, is the founder, president and CEO of Dream Finders Homes in Jacksonville. He is also a member of the Board of Trustees of the University of Florida. 'Neither the Rays nor the group will have further comment during the discussions,' the statement concluded. The news comes at a critical time for the Rays, who were forced to play home games this season at the New York Yankees' spring training stadium in Tampa after Hurricane Milton destroyed the roof of Tropicana Field in St. Petersburg last year. Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.
Al Arabiya
2 days ago
- Business
- Al Arabiya
Tampa Bay Rays Say They Are In Talks For A Potential Sale Amid Stadium Uncertainty
The Tampa Bay Rays say they are in exclusive discussions with a Florida investment group for a potential sale of the team. The Rays are valued at 1.25 billion dollars, according to Forbes magazine. Stuart Sternberg bought the Major League Baseball club for 200 million dollars in 2004. The Tampa Bay Rays announced that the team has recently commenced exclusive discussions with a group led by Patrick Zalupski, Bill Cosgrove, Ken Babby, and prominent Tampa Bay investors concerning a possible sale of the team, the club said Wednesday while declining further comment. The potential sale comes at a precarious time for the Rays and their home ballpark. They are playing this season at the spring training home of the New York Yankees in Tampa after the roof of Tropicana Field in St. Petersburg was heavily damaged during Hurricane Milton last October. Before the hurricane, the Rays and the city had agreed on a plan for a 1.3 billion–dollar stadium development project next to Tropicana Field. In March, Sternberg said the club was withdrawing from that agreement. St. Petersburg is spending about 55 million dollars to repair Tropicana Field, with a plan for the Rays to return there in 2026. The city and the club have a three-year agreement to play there. Beyond that, the club's future in the Tampa Bay area is uncertain. When the Rays withdrew from the project, the city noted that it was possible the club would have new owners. 'If, in the coming months, a new owner who demonstrates a commitment to honoring their agreements and our community priorities emerges, we will consider a partnership to keep baseball in St. Pete,' Mayor Ken Welch said in March. 'But we will not put our city's progress on hold as we await a collaborative and community-focused baseball partner.'
CBS News
2 days ago
- Business
- CBS News
Tampa Bay Rays say they are in talks for potential team sale amid ballpark uncertainty
The Tampa Bay Rays say they are in "exclusive discussions" with a Florida investment group for a potential sale of the team. The Rays are valued at $1.25 billion, according to Forbes magazine. Stuart Sternberg bought the Major League Baseball club for $200 million in 2004. "The Tampa Bay Rays announced that the team has recently commenced exclusive discussions with a group led by Patrick Zalupski, Bill Cosgrove, Ken Babby and prominent Tampa Bay investors concerning a possible sale of the team," the club said Wednesday while declining further comment. The potential sale comes at a precarious time for the Rays and their home ballpark. They are playing this season at the spring training home of the New York Yankees in Tampa after the roof of Tropicana Field in St. Petersburg was heavily damaged during Hurricane Milton last October. Before the hurricane, the Rays and the city had agreed on a plan for a $1.3 billion stadium development project next to Tropicana Field. In March, Sternberg said the club was withdrawing from that agreement. St. Petersburg is spending about $55 million to repair Tropicana Field with a plan for the Rays to return there in 2026. The city and the club have a three-year agreement to play there. Beyond that, the club's future in the Tampa Bay area is uncertain. When the Rays withdrew from the project, the city noted that it was possible the club would have new owners. "If in the coming months a new owner, who demonstrates a commitment to honoring their agreements and our community priorities emerges, we will consider a partnership to keep baseball in St. Pete," Mayor Ken Welch said in March. "But we will not put our city's progress on hold as we await a collaborative and community-focused baseball partner."
Associated Press
2 days ago
- Business
- Associated Press
Tampa Bay Rays say they are in talks for a potential sale amid stadium uncertainty
ST. PETERSBURG, Fla. (AP) — The Tampa Bay Rays say they are in 'exclusive discussions' with a Florida investment group for a potential sale of the team. The Rays are valued at $1.25 billion, according to Forbes magazine. Stuart Sternberg bought the Major League Baseball club for $200 million in 2004. 'The Tampa Bay Rays announced that the team has recently commenced exclusive discussions with a group led by Patrick Zalupski, Bill Cosgrove, Ken Babby and prominent Tampa Bay investors concerning a possible sale of the team,' the club said Wednesday while declining further comment. The potential sale comes at a precarious time for the Rays and their home ballpark. They are playing this season at the spring training home of the New York Yankees in Tampa after the roof of Tropicana Field in St. Petersburg was heavily damaged during Hurricane Milton last October. Before the hurricane, the Rays and the city had agreed on a plan for a $1.3 billion stadium development project next to Tropicana Field. In March, Sternberg said the club was withdrawing from that agreement. St. Petersburg is spending about $55 million to repair Tropicana Field with a plan for the Rays to return there in 2026. The city and the club have a three-year agreement to play there. Beyond that, the club's future in the Tampa Bay area is uncertain. When the Rays withdrew from the project, the city noted that it was possible the club would have new owners. 'If in the coming months a new owner, who demonstrates a commitment to honoring their agreements and our community priorities emerges, we will consider a partnership to keep baseball in St. Pete,' Mayor Ken Welch said in March. 'But we will not put our city's progress on hold as we await a collaborative and community-focused baseball partner.' ___ AP MLB:
