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Investors are reportedly interested in purchasing the Tampa Bay Rays from principal owner Stu Sternberg.
Tampa businessman Joe Molloy, who is a former minority owner of the New York Yankees, is heading a group of prospective Tampa-based investors seeking to buy the Rays. They would keep the team in St. Pete under the existing stadium deal, according to the Tampa Bay Times.
The news comes as Sternberg faced a March 31 deadline to decide whether to move forward with the $600 million stadium deal with St. Pete and Pinellas County. Sternberg said on Thursday the team won’t meet the deadline.
– Janelle Irwin, Florida Politics, The Tampa Bay 100