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flag MLB approves $1.7B sale of Rays to Zalupski group, who plan new Tampa stadium and keep team in area.

flag Major League Baseball has approved the sale of the Tampa Bay Rays to a group led by Patrick Zalupski, CEO of Dream Finders Homes, for about $1.7 billion, ending Stuart Sternberg’s ownership since 2004, though Sternberg will keep a minority stake. flag The new owners plan to keep the team in the Tampa Bay area and pursue a new stadium in Tampa, moving from St. Petersburg’s Tropicana Field. flag Key figures like president Erik Neander and manager Kevin Cash are expected to remain through 2028 and 2030, respectively, but broader changes depend on the new owners’ plans after the sale closes.

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