BREAKING NEWS: The Tampa Bay Rays have officially changed hands as a group led by Florida-based real estate developer Patrick Zalupski finalized its purchase today, marking a pivotal moment for the franchise. The sale was unanimously approved by Major League Baseball (MLB) owners just last week, signaling a new era for the team.
In a statement, Zalupski expressed his excitement, stating, “It’s an incredible honor to become the stewards of the Tampa Bay Rays, a franchise with a proud history and a bright future.” He emphasized a commitment to serving Rays fans and enhancing the game experience both on and off the field.
This transition comes with immediate implications as Zalupski’s ownership group, which includes Bill Cosgrove and Ken Babby, is set to restart the search for a new ballpark. Earlier this year, the Rays withdrew from a proposed $1.3 billion project for a new stadium adjacent to Tropicana Field in St. Petersburg, Florida, citing challenges such as hurricane impacts and rising costs.
MLB Commissioner Rob Manfred welcomed the new ownership, stating, “Major League Baseball is pleased to welcome Patrick and his partners to the ownership ranks. Their collective experience and passion for the game will serve the Rays well as they enter this exciting new chapter.”
The Rays, originally founded by Vince Naimoli in November 2005, have seen significant milestones under the previous ownership of Stuart Sternberg, including multiple AL East titles and two World Series appearances in 2008 and 2020.
Fans are eager to see how Zalupski’s leadership will shape the future of the franchise as the team navigates the critical process of finding a new home. Stay tuned for updates on the stadium search and further developments regarding the Rays under new ownership.