On Wednesday, the Tampa Bay Rays announced that a group led by Patrick Zalupski—a homebuilding billionaire–entered exclusive negotiations to buy the team from principal owner Stuart Sternberg. The price being discussed: $1.7 billion, according to Sportico.
The announcement comes amid uncertainty regarding the team’s future in the Tampa Bay area following a series of failed stadium proposals–including plans for renovations of Tropicana Field or a new ballpark in St. Petersburg.
Now, ownership could be turned over to a group headed by the 44-year-old CEO of a publicly-traded developer. Zalupski, whose net worth Forbes estimates at $1.3 billion, is the founder and CEO of Dream Finders Homes, a Jacksonville-based company that describes itself as one of the country’s fastest-growing homebuilders. Read more at www.forbes.com.
