Overview

• The transaction, reported at about $1.7 billion, is expected to close later this week, transferring control from Stu Sternberg.
• Sternberg will retain a minority stake, with some reports indicating roughly a 10 percent share.
• Rob Manfred said he expects the club to restart stadium site evaluations in Tampa and St. Petersburg and reaffirmed Florida as the preferred home.
• The Rays played 2025 home games at open-air Steinbrenner Field after Hurricane Milton damaged Tropicana Field, drawing 786,750 and enduring 17 rain delays.
• Relocation to Orlando looks less likely after key Dreamers investors withdrew, and the team is not expected to move as part of the sale.