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Rays owner facing pressure to sell team amid stadium concerns: report
Tampa Bay Rays -owner Stunberg is reportedly confronted with an elevated stress to promote the franchise of MLB commissioner Rob Manfred and different house owners, in keeping with The athletics.
MLB may even attempt to take away a part of the revenue alternate of the Rays to attempt to drive a sale in keeping with the report. The rays at present obtain $ 60 million in sharing revenue. The reported cause for the stress is expounded to Sternberg, taking into consideration the return of a stadium deal.
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A normal image of the stadium for a contest between the Oakland Athletics and Tampa Bay Rays on Tropicana Area. (Nathan Ray Seebeck-usa At the moment Sports activities)
Till the tip of this month, Sternberg has to determine whether or not they are going to proceed with the brand new stadium deal within the historic Gasfabriek District within the middle of St. Petersburg, Florida.
The rays have been attempting to construct a brand new stadium for 17 years and the urgency to sort out the issue rose final fall after Hurricane Milton has torn the roof of their present location, Tropicana Area. The crew performs their 2025 dwelling video games within the spring coaching facility of the Rival New York Yankees.
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View of the broken roof of Tropicana Area Stadium, the house of Main League Baseball’s Tampa Bay Rays, after Hurricane Milton landed on 10 October 2024, within the middle of St. Petersburg, Florida. (Reuters/Octavio Jones)
The Rays and Sternberg had been beforehand planning to contribute $ 700 million to a brand new stadium. Nonetheless, a delayed vote from the province led to a share in development and subsequently elevated prices, so Sternberg doesn’t imagine that he and his crew ought to have the next prices.
The Pinellas County Fee has postponed a vote on its share within the new stadium bonds in November, leaving that challenge in Limbo.
Potential candidates to purchase the rays when Sternberg is pushed to promote are former Yankees minority proprietor Joe Molloy.
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Tampa Bay Rays Head proprietor Stuart Sternberg and supervisor Kevin Money Watch Whereas pitchers maintain their first spring coaching coaching in Port Charlotte, Florida, on 12 February 2025, in Charlotte Sports activities Park. Hurricane Milton tears the roof of Tropicana Area in St. Petersburg, Florida, the place the rays normally play their common season matches. This yr they play their common seasonal dwelling video games within the New York Yankees Spring Coaching Stadium, Steinbrenner Area, the place 11,000 folks happen. (Thomas O’Neill/Nurphoto)
Molloy confirmed his curiosity within the Tamp Bay Times.
“Sure, I lead a gaggle distinguished in Tampa Bay -based traders who’re considering buying the Tampa Bay Rays. We’ve put collectively an unimaginable crew that shares our imaginative and prescient,” Molloy stated the outlet.
Tampa -Kakenman Dan Doyle Jr. Is also a part of one other group that’s within the rays, in keeping with the report.
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