Overview

• The sale closed Tuesday, completing the transfer from longtime principal owner Stuart Sternberg.
• Major League Baseball owners unanimously approved the deal last week, and Commissioner Rob Manfred welcomed the new group.
• Financial terms were not disclosed at closing.
• The investor team includes Bill Cosgrove and Ken Babby, with Zalupski as MLB control person and co-chair, Cosgrove as co-chair, Babby as CEO overseeing business operations, and Erik Neander continuing as president of baseball operations.
• The group is expected to restart the search for a permanent ballpark after the Rays withdrew in March from a proposed $1.3 billion stadium next to Tropicana Field, citing hurricane damage and delays.