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Tampa Bay Rays Say They Are in Talks for a Potential Sale
- In 2025, the Tampa Bay Rays revealed they have entered exclusive negotiations with a consortium led by Patrick Zalupski regarding a potential sale of the Major League Baseball franchise.
- These discussions follow the Rays backing out of a new stadium plan in St. Petersburg after delays and rising costs forced them to reconsider their long-term facilities.
- The prospective buyer group is headed by Patrick Zalupski, who serves as the founder and chief executive of Dream Finders Homes, and also includes Bill Cosgrove, the CEO of Union Home Mortgage, along with Ken Babby, owner of two minor league baseball franchises.
- Sportico valued the Rays at $1.35 billion, while reports reveal the sale price could reach about $1.7 billion, and Zalupski’s net worth is estimated at $1.4 billion.
- If completed, the sale would occur amid ongoing uncertainties about the Rays’ home after Hurricane Milton damaged Tropicana Field, forcing the 2025 season to be played at Steinbrenner Field in Tampa.
58 Articles
58 Articles
Rays are negotiating a $1.7 billion deal to sell to a home developer
Tampa Bay Rays Tropicana Field – Courtesy: Shutterstock – Image by Sean Pavone According to Sportico, the Tampa Bay Rays are in “advanced talks” to sell the team to a consortium headed by Patrick Zalupski, a home developer in Florida. Although the Rays acknowledged that the team had “exclusive discussions” with a group headed by Zalupski, they would not elaborate on the nature of those discussions. According to the source, the squad is reportedl…
Possible sale of MLB’s Rays could mean new stadium deal in Tampa Bay
Major League Baseball’s Tampa Bay Rays could be sold to a Jacksonville developer, according to a statement by the team. A deal could keep the team in the Tampa Bay area and possibly reignite discussion over a new stadium for the team, whose ballpark deal expires in 2028. “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 i…
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