JOURNAL ARTICLE

Billionaire Homebuilder Zalupski Buys MLB's Tampa Bay Rays.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Cancel, Daniel 3 of 3

Abstract

The article discusses the sale of the Tampa Bay Rays baseball team to a group of investors led by billionaire Patrick Zalupski, following unsuccessful efforts to secure a new stadium. The sale, reportedly valued at approximately $1.7 billion, was unanimously approved by Major League Baseball owners. The Rays, who finished fourth in the AL East and missed the playoffs, had to play home games at the New York Yankees' spring training field due to hurricane damage at Tropicana Field. Zalupski, who is the CEO and chairman of Dream Finders Homes Inc., will co-chair the team alongside Bill Cosgrove, while Ken Babby will serve as CEO. The previous owner, Stu Sternberg, purchased a stake in the team in 2004 for about $200 million and oversaw a period of competitive success despite low attendance figures. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/10, pN.PAG
  • Document Type:Article
  • Subject Area:Sports and Leisure
  • Publication Date:2025
  • Accession Number:188431853
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