Tampa Bay Rays in talks to sell team
The Tampa Bay Rays are in discussions to sell the team, officials confirmed in a statement Wednesday.
Why it matters: The potential sale raises more questions about the future of the team just a few months after plans to build a new stadium in downtown St. Petersburg fell apart.
State of play: The discussions, first reported by Sportico, are with a group led by Patrick Zalupski, a Jacksonville home builder; Ken Babby, who owns the Jacksonville Jumbo Shrimp minor league baseball team; and Bill Cosgrove, the CEO of an Ohio-based mortgage firm.
Unnamed "prominent Tampa Bay investors" are also part of the group, per the Rays' statement.
"Neither the Rays nor the group will have further comment during the discussions," it goes on to say.
The intrigue: The potential deal values the team at $1.7 billion, per the Sportico report. The sports business news outlet also reported that Zalupski had signed a letter of intent to buy the team.
Current owner Stuart Sternberg bought the team in 2004 for $200 million.
Between the lines: The stadium plan's unraveling put Sternberg at odds with local elected officials, making the odds of a deal revival appear slim to none.
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Yahoo
an hour ago
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Cincinnati Reds game today
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Yahoo
an hour ago
- Yahoo
Bengals' former late-round draft pick could have big role in 2025
There's a lot to like about the pass-rushing group going into 2025 for the Cincinnati Bengals. Provided, of course, one ignores the messy contract drama for Trey Hendrickson and first-round rookie Shemar Stewart. Advertisement But even including those two, the Bengals have first-round product Myles Murphy and are excited about the return of Cam Sample and Joseph Ossai also likely getting more looks. Paul Dehner Jr. of The Athletic tacked on another name to keep in mind, too: 'Another name of note, further under the radar, is 2024 sixth-round pick Cedric Johnson. He found himself in regular rotations and has received praise from different corners of the building throughout the offseason program. He's the only edge who fits the speed rusher profile at 6-foot-3, 260 pounds, and could find a subpackage role because of it.' RELATED: Bengals, Shemar Stewart nuclear option includes 2026 NFL draft route Advertisement Cedric Johnson was a pretty popular pick in the minds of fans when the Bengals made it in the 2024 draft. Like others before him, he was one of those guys who appeared to have huge upside, once the logjam of names like Sam Hubbard cleared up a bit. Now, it has. Like the rest of the defense, there's some seriously impressive upside, but nothing much has been proven yet. The youth movement is an overall high-upside gamble to complement what should be an elite offense again. Johnson locking down a subpackage role in an effective manner and getting notable snaps would mean the defense is forcing opposing offenses into pass-rushing situations in the first place, which would imply the unit is improved from last year, too. RELATED: Bengals standouts after mandatory minicamp includes surprises This article originally appeared on Bengals Wire: Bengals' former late-round draft pick could have big role in 2025
