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.

The sale of the Tampa Bay Rays franchise to a group of local investors has been agreed to and may be finalized by September, according to The Athletic. A group led by Jacksonville

The Tampa Bay Rays will be sold to developer Patrick Zalupski and his group for approximately $1.7 billion, with the sale possibly finalized before the end of t