Deal made in principle to sell MLB Rays for $1.7 bn: report
An agreement in principle has been reached for Major League Baseball's Tampa Bay Rays to be acquired by developer Patrick Zalupski for about $1.7 billion, The Athletic reported Monday.
The deal is expected to be completed as soon as September, possibly before the end of the current MLB season, and keep the club in the Tampa region, the sports news website owned by The New York Times said, quoting an unnamed source.
Advertisement
At 50-47, the Rays are fourth in the American League East division and seventh overall in the AL, in the fight for a wildcard playoff berth.
The Rays have twice reached the World Series, losing to Philadelphia in 2008 and to the Los Angeles Dodgers in 2020.
Forbes magazine ranked the Rays as the second-least valued MLB club at $1.25 billion in March, with only the Miami Marlins below them among the 30 MLB teams, at $1.05 billion.
The Rays, whose owner Stu Sternberg purchased the team for $200 million in 2004, said last month they were in exclusive talks with Jacksonville real estate executive Zalupski about a sale.
Advertisement
The team pulled out of a deal with officials in St. Petersburg to build a new stadium, leaving in doubt the club's future home after the expiration of their lease at the domed Tropicana Field.
Damage from Hurricane Milton tore apart the roof of the stadium last October and has forced the team to play home games for the 2025 season at Steinbrenner Field in nearby Tampa, the pre-season training home of the New York Yankees.
Repairs are being made to Tropicana Field, with hopes the Rays will play there for the 2026 season.
js/dw
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
Why Union Pacific Corporation (UNP) is a Top Dividend Pick in the Industrial Sector
Union Pacific Corporation (NYSE:UNP) is included among the 13 Best Industrial Dividend Stocks to Buy Right Now. An intermodal container train winding through a rural landscape. The company has paid regular dividends to shareholders for 125 years in a row and has raised its payouts for 18 consecutive years. It currently pays a quarterly dividend of $1.34 per share for a dividend yield of 2.28%, as of July 13. Union Pacific Corporation (NYSE:UNP), the railroad holding company, generates its freight revenue from three core segments— bulk, industrial, and premium— with each accounting for roughly one-third of the total. Its broad product offering and efficient cost structure help the company remain stable, even during periods of increased tariffs. Union Pacific consistently shows strong operational performance and a solid return on invested capital, with a high operating margin that highlights its ability to maintain profitability after expenses. Looking ahead to 2025, Union Pacific Corporation (NYSE:UNP) plans to invest $3.4 billion to improve safety, upgrade infrastructure, and support customer growth. This equates to more than $9 million per day dedicated to enhancing its rail network and contributing to economic and supply chain development across the 23 states it serves, positively impacting local, regional, and national economies. While we acknowledge the potential of UNP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
NBC Sports
33 minutes ago
- NBC Sports
Here's a small taste of Big Shield
It'll be released only five weeks from today. It's been pre-selling like digital hotcakes. For now, here's a little taste of the syrup. It's one of the early chapters of Big Shield. Chapter 5. Told from the perspective of Johnny Motts, a Vegas-based mobster who has developed a network of pro athletes to whom he pays money for information — before games and, for some of his players, during game. Read it, if you want. Skip it, if you want. Complain about it on social media if you want. (As if you need an invitation.) Pre-order the full, 81-chapter ebook for only 99 cents, if you want. The print edition also can be preordered, for $14.99. Here it is . . . Chapter 5. As told by Johnny Motts. Regarding his interactions with Larry Ballentine, the starting shortstop for the local pro baseball team. (Not MLB.) ——————————————————————————- Didn't I say I hate sending messages? I never said it to nobody that matters. Not that I ever would. They tell me to send a message, I send a message. Even if I wanna do more than that. Maybe I won't need to with this one. Baseball players are smarter. Maybe it comes from knowing how to avoid getting hit by that fucking ball. Hockey players will take a puck to the face and spit out three teeth and smile. Baseball players got some regard for their health. It must be from all that time they sit around and think when not a damn thing is happening. I wish this guy had done a little more thinking. He made a few mistakes with the shit he told me. Shit he was supposed to know. Shit he said he knew. He was wrong about the pitcher who wasn't supposed to make his next start because his elbow was swollen. The guy ended up throwing anyway, and it fucked up the action we put down ahead of time. I could let one slide. He's had a few now. It makes me look bad. I ain't gonna take the heat. The only way to keep my own ass clean was to tell Carmine about it and then wait for whatever he told me to do. So I did. I was hoping he'd be fine with talking to the guy. Carmine wanted a little more than that. Which might make me think twice the next time it's time to tell something to Carmine. When they want me to do more than talk, I'd rather just make the guy gone. Yeah, it could get a little dicey if a ball player on a big league team ends up disappearing. It's still gonna be an issue once I break his arm. He'll have to come up with a damn good story about how it happened. But guys fall down the steps all the time, don't they? Besides, baseball season is almost over. I was hoping that'd be enough to get them to let it float. But they didn't ask what I thought. They never do. I had to wait a few days until the team got back from the road. I told him to call me as soon as he got home. He didn't ask no questions. He knows he's in trouble. The last thing he's gonna do is make things worse by not doing what I say. I didn't tell him I was stopping by. Who knows what he would have done if he thought something was gonna happen? I drove over to his place. He lived alone. I make sure all my guys live alone. The less family they got, the better. I don't need wives or girlfriends or God forbid kids getting in the way of whatever I need to do. Plus, it's easier to trust them to keep their mouths shut if they don't have somebody hanging around who might get wise. I parked a couple streets over. I cussed the whole way to his door. I felt the sweat starting in my pits and up my ass. If I wanted a job like that, I'd be moving refrigerators. I put my finger over the lens on the camera by the door and pushed the bell. I heard feet coming. They stopped. 'Who is it?' 'It's the pizza boy.' I said it in a loud voice. I hoped like hell he remembered the signal. 'I didn't order a pizza,' he said. I could tell by the way it came out that he remembered the signal. 'I think you did. C'mon, it's getting cold.' I kept waiting with my finger on the lens. 'What do you want?' 'I wanna give you your pizza. I just said it's getting cold.' I was starting to think he wasn't gonna let me in. That would make it easier for me to skip this step. I started looking for the best window to bust. The door opened just as I figured out how to get inside. 'Why didn't you tell me you were coming over?' He was holding a bat. 'Working on your swing?' He looked at the wood. 'I just like to be careful.' 'That's the problem. You ain't been. Now, are you gonna invite me in or is this problem we have about to get a little bigger?' He stepped back. I reached out my hand. He was smart enough to know what I needed him to do. He gave me the bat. I took my finger off the camera and went inside. I moved slow. I didn't want him doing nothing dumb. Maybe deep down I did. I held up the bat. 'I ain't swung one of these in years.' I pushed the door shut behind me. It closed with a slam. He jumped at the sound. 'Calm down,' I said. 'I am calm. Are you?' The place smelled like nasty food. I made a face. 'It stinks in here.' 'I just had dinner.' 'You save some for me?' He seemed confused by that. I smiled. 'I can make something else, if you're hungry,' he said. 'I'm always hungry, but not for whatever you cooked.' 'I can make something else. You want some pasta?' He backed away from me as I went deeper into the house. 'You know, us Italians eat more than spaghetti.' 'I didn't mean it like that,' he said. He was nervous. I glanced around to see if he had any more bats close by. I wasn't interested in getting in a sword fight with a couple of Louisville Sluggers. I pulled back my jacket with my free hand so he could see the piece in the front of my pants. 'I'm sorry about the other day. I fucked up.' 'You fucked up more than once, Larry.' 'It won't happen again.' 'You're right about that.' He got a little more nervous. 'I thought I had good information.' 'If I thought you was fucking up on purpose, I wouldn't have rung the bell.' He kept walking backward. He bumped into the wall. 'How many times do I have to tell you to calm down?' 'I can give back some of the money. I have plenty upstairs.' 'I don't want your money. You earned it. Well, most of it. You won't be getting paid for the next two weeks.' 'That's fair.' I could tell he was looking for any reason to think I wasn't gonna do what I was about to do. 'I'm glad you think it's fair. What would you do if you thought it wasn't?' 'What do you mean?' 'What would you do? Call the cops? Sue me?' 'Nothing, I guess.' He'd moved into the kitchen. It smelled even worse in there. I wondered what the fuck he'd eaten. I realized this was taking too long. 'Stand still,' I said. 'I am.' 'Well, keep standing still.' He looked at the gun. He looked back at me. He didn't say nothing else. I thought for a second it was the smartest thing he done all month. Until he did the dumbest thing he ever done in his life.
Yahoo
38 minutes ago
- Yahoo
Citi Posts Better-Than-Expected Earnings
Citigroup (C) on Tuesday reported second-quarter results that topped analysts' estimates. Citi reported earnings per share of $1.96 on revenue that rose 8% year-over-year to $21.67 billion, exceeding analysts' forecasts. The bank's net interest income was up 12% year-over-year to $15.18 billion, also above expectations. Citi said it expects full-year revenue to be about $84 billion, at the high end of its previous range of $83.1 billion to $84.1 billion, and said it anticipates net interest income growth of about 4%, compared to its prior range of 2% to 3%. Citigroup shares were up about 1% in early trading Tuesday following the release. They entered the day up nearly 25% since the start of this year. Last quarter, Citigroup topped estimates on growing markets and equity trading revenue, continuing a first-quarter trend of banks topping estimates while remaining cautious about the economic outlook for the rest of the year. Bank stocks were boosted late last month following the results of the Federal Reserve's annual stress test, which showed that the nation's big banks have substantial cash reserves to be able to weather a downturn. Some of the banks also lifted their dividends following the solid test results. Wells Fargo (WFC) and JPMorgan Chase (JPM) also reported results Tuesday, with other banks set to follow later this week. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
