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Report: Sternberg group to purchase 77 percent share

Updated: January 29, 2004, 1:15 AM ET
Associated Press

NEW YORK -- A New York investor has agreed to buy a majority share of the Tampa Bay Devil Rays, The New York Times reported, a move that does not appear to change Vince Naimoli's role as the team's controlling owner.

The group headed by Stuart Sternberg has agreed to purchase 77 percent of the club, the paper reported Thursday. But he is buying shares from the limited partners, who do not operate the team.

Naimoli, the managing general partner, is the individual who controls ...

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