Tampa Bay Rays Owner Faces MLB Pressure to Sell Over Stadium Deal Dispute

Stu Sternberg could lose revenue-sharing funds as MLB pushes for resolution on long-delayed stadium project in St. Petersburg.

MLB Commissioner Rob Manfred and other team owners are pressuring Rays owner Stu Sternberg to sell the franchise due to stalled negotiations on a new stadium deal.
The Rays have been pursuing a new stadium for 17 years, with the latest $1.3 billion proposal delayed by a postponed county vote and rising costs.
Sternberg has until March 31 to decide whether to proceed with the stadium project in St. Petersburg's Historic Gas Plant District.
MLB is reportedly considering reducing the Rays' $60 million annual revenue-sharing allocation to compel Sternberg to act on the stadium or sell the team.
Local investor groups, including one led by former Yankees minority owner Joe Molloy, have expressed interest in purchasing the team if it is put up for sale.