ST. PETERSBURG, Fla. — It’s official: The Tampa Bay Rays belong to a new ownership group.
The team confirmed the news Tuesday afternoon.
An ownership group led by Florida-based business executive Patrick Zalupski has closed on the purchase of the Rays.
MLB owners approved the deal last week. The team didn’t release the purchase price.
“It’s an incredible honor to become the stewards of the Tampa Bay Rays, a franchise with a proud history and a bright future,” said Zalupski. “We are especially privileged to have been chosen by Stu Sternberg as his successors, and we’re all energized by the responsibility to serve Rays fans everywhere and this great game.”
Sternberg will keep a 10% stake in the team.
This is a breaking news story. Check back for updates.