The Athletic also reports: "Zalupski is expected to keep the team in the Tampa Bay area, with a strong preference to be in Tampa rather than St. Petersburg, the source said." Sternberg, who originally took control of the team in 2005,

A Jacksonville group led by billionaire Patrick Zalupski have agreed to buy the Rays for an estimated price of $1.7 billion, according to The Athletic. The deal is expected to be finalized by September after negotiations took place over the past weeks. The Rays' principal owner, Stu Sternberg, bought the franchise in 2004 for $200 million.

A deal to sell the Tampa Bay Rays to a developer in Jacksonville is in the works. Sources said Stu Sternberg has a deal in principle to sell the team to Patrick Zalupski for $1.7 billion.