The Rays announced on Wednesday that they “recently commenced exclusive discussions” with a potential ownership group led by Jacksonville developer Patrick Zalupski and two of his associates, along with “prominent Tampa Bay investors.”
The Rays have been owned since 2005 by New York-based investor Stuart Sternberg, who in the nearly two decades of his reign has made finding a new stadium his top priority for the lower-revenue club.
Yet just as the club reached agreement on a sprawling ballpark project in the shadow of Tropicana Field, a pair of hurricanes devastated Tampa Bay last autumn, rendering the Trop unplayable and creating a fiscal and political environment that the club determined was untenable.
In March, they halted the project before a deadline to commit funds to it, putting the franchise’s future in doubt. Meanwhile, the club has played at the New York Yankees’ spring training stadium while Tropicana Field undergoes repairs; the stadium is expected to be ready for the 2026 season and the club has two years remaining on its lease there.
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Author: Dillon B
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