BREAKING NEWS MLB's Tampa Bay Rays in talks over stunning $1.7billion sale to homebuilding tycoon
The Tampa Bay Rays are deep in discussions over a $1.7billion sale of the team, according to a new report.
According to Sportico, Florida homebuilding tycoon Patrick Zalupski is leading a group interested in purchasing the team, with the outlet citing several anonymous sources.
Zalupski has reportedly signed a letter of intent to purchase the team, though the deal is not yet completed.
The team's current owner, Stu Sternberg, bought the Rays for $200million in 2004.
In recent years, the franchise has struggled for attendance at home games and spent among the least in MLB in payroll.
Other people reportedly in Zalupski's ownership group include minor league baseball owner Ken Babby, and mortgage exec Bill Cosgrove.
Zalupski, who is based out of Jacksonville, Florida is the founder of CEO of Dream Finders Homes.
The company, which is said to specialize in constructing homes for first-time buyers, is valued at $3.4million according to Sportico.
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