The Tampa Bay Rays are set to be sold by current owner Stu Sternberg to a group led by Patrick Zalupski, the CEO and founder of Dream Finders Homes, for approximately $1.7 billion.
The deal for the Major League Baseball franchise has been agreed to in principle and could be finalized as early as September, a source who was not authorized to speak publicly told the The Athletic on Monday.
Zalupski, whose company is based in Jacksonville, Florida, plans to keep the team in the Tampa Bay area, with a preference for Tampa over St. Petersburg, the source said.
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