Patrick Zalupski's group finalizes purchase of Rays, ending Sternberg's 18-year tenure Updated 6 mins ago A group led by Florida-based real estate developer Patrick Zalupski has closed on its purchase of the Tampa Bay Rays, finalizing the sale of the team from former owner Stuart Sternberg. Major League Baseball owners unanimously approved the transaction last week. The price was not disclosed. Zalupski’s group, which also includes Bill Cosgrove and Ken Babby, is expected to restart the search for a new ballpark. The Rays in March withdrew from a $1.3 billion project to construct a new ballpark adjacent to Tropicana Field in St. Petersburg, citing a hurricane and delays that likely drove up the proposal’s cost.

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