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MLB Pressuring Team Owner To Sell After Stadium Deal Collapses

There’s growing pressure for Rays owner Stu Sternberg to sell the ballclub amid consideration that he may back out of a stadium deal in St. Petersburg.

Both MLB commissioner Rob Manfred and other owners have been trying to convince Sternberg to offload the team and the league could take away part of the Rays’ revenue-sharing income to try and force his hand, The Athletic reported Sunday.

Several local groups, including one with ties to former Yankees minority owner Joe Molloy, are already interested in trying to buy the team.

Molloy confirmed his interest in an interview with the Tamp Bay Times.

“Yes, I’m leading a group of prominent Tampa Bay-based investors who are interested in acquiring the Tampa Bay Rays. We have assembled an incredible team that shares our vision,” Molloy told the outlet.

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