"The Tampa Bay Rays announced that the team has recently commenced exclusive discussions with a group led by Patrick Zalupski, Bill Cosgrove, Ken Babby and prominent Tampa Bay investors concerning a possible sale of the team," the Rays said in a statement. "Neither the Rays nor the group will have further comment during the discussions."

Tampa Bay Rays Move Up in MLB Power Rankings originally appeared on Athlon Sports. Just take a look at what has been happening with the Tampa Bay Rays over the past couple of weeks. They have been one of the hottest teams in the American League, overcoming their slow start with a bunch of wins.

The Rays revealed Wednesday that owner Stu Sternberg is in “advanced talks” to sell the team. The potential deal values the MLB club at $1.7 billion with a group led by Jacksonville homebuilder Patrick Zalupski having executed a letter of intent to purchase the club, per Sportico.