The Tampa Bay Rays have new ownership.

The sale of the team to a group led by Florida businessman Patrick Zalupski was finalized on Tuesday, the team announced.

The sale price was not disclosed, but it has previously been reported as $1.7 billion.

Other MLB owners voted unanimously to approve the sale earlier in September.

“It’s an incredible honour to become the stewards of the Tampa Bay Rays, a franchise with a proud history and a bright future,” Zalupski said in a statement. “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 took control of the team from founding owner Vince Naimoli in November 2005 and rebranded it the Rays from the Devil R

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