Rays valued at $1.85 billion?
June 17, 2023 - According to a Forbes article published Friday, Trip Miller, a Nashville hedge fund manager, is putting an investor group together to buy the Tampa Bay Rays for $1.85 billion. Stuart Sternberg led an ownership group that purchased the team for $200 million in 2004 and has repeatedly denied the Rays are for sale. Forbes valued the Rays at $1.25 billion in March, 25th out of Major League Baseball’s 30 teams.