A Jacksonville group led by billionaire Patrick Zalupski have agreed to buy the Rays for an estimated price of $1.7 billion, according to The Athletic. The deal is expected to be finalized by September after negotiations took place over the past weeks. The Rays' principal owner, Stu Sternberg, bought the franchise in 2004 for $200 million.

The Tampa Bay Rays will soon change ownership. Stuart Sternberg has agreed to sell the franchise to a group led by Jacksonville developer Patrick Zalupski for approximately $1.7 billion, per Evan Drellich and Ken Rosenthal of The Athletic. The deal is expected to be finalized around September.

The proposed buyers of the Rays are not venture capitalists looking for a flip. These are Florida-rooted businessmen. Do they really care if the team is in Tampa or Orlando?

According to reports, the Tampa Bay Rays could have new owners in a matter of months. The mayor hinted that the team is likely to stay local.

The sale of the Tampa Bay Rays is expected to be final in September, with new ownership expected to keep the team in the Tampa Bay area.

The Rays made one trade on Monday night to reshape their catching situation, with another move all but official. Walking the line between buying and selling, the Rays traded offensive-minded veteran Danny Jansen to the Brewers.

ATLANTA — The sale of the Tampa Bay Rays from current owner Stu Sternberg to a group led by Jacksonville developer Patrick Zalupski for about $1.7 billion has been agreed to in principle and is ...

The sale of the Tampa Bay Rays is nearly official. A group led by Florida home developer Patrick Zalupski has agreed in principle to purchase the Rays from current owner Stu Sternberg for about $1 ...