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A group including the founder and CEO of Jacksonville-based Dream Finders Homes has signed a letter of intent to purchase the Tampa Bay Rays, according to a report by Sportico.
Patrick Zalupski, who founded the home builder company in 2008, took the company public in 2021. According to Forbes, his net worth is $1.4 billion.
Among the partners in Zalupski’s group is Ken Babby, owner of the Jacksonville Jumbo Shrimp, a Triple-A team, and the Double-A Akron RubberDucks.
Current principal owner Stu Sternberg purchased the franchise in 2004 for $200 million. The deal values the team now at roughly $1.7 billion.
– Cole Pepper, Florida Politics