Latest news with #Sternberg
Yahoo
18-07-2025
- Business
- Yahoo
Red Sox rival agrees to sell team after pressure from MLB commissioner (report)
The Tampa Bay Rays will reportedly be under new ownership soon. According to The Athletic, Rays owner Stu Sternberg has agreed in principle to sell the team for $1.7 billion, with a deal expected to come as soon as September. The new owners will reportedly be a group that is led by Florida-based real estate developer Patrick Zalupski. The deal comes amid a period of turmoil surrounding the team's home field. The Rays lost their normal field last year after the roof was torn off Tropicana Field during Hurricane Milton. The damage eventually led to Sternberg backing out of plans for a new stadium for the team. According to The Athletic, that led MLB commissioner Rob Manfred and other owners to start putting pressure on Sternberg to sell the team. Now, it looks like that sale will come through. On Tuesday, The Athletic reported that the new ownership group is expected to keep the Rays in the area, but would prefer to move out of St. Petersburg and across the bay to Tampa. With Tropicana Field out of commission, the Rays are currently playing their home games at the spring training home of the New York Yankees, Steinbrenner Field. More Red Sox coverage Jim Rice and Fred Lynn say heralded Red Sox rookies have it easier than they ever did 'He wanted to be a Red Sox': A look at some of Boston's Day 2 draft picks Red Sox draft local kid who hit 35 homers in last 119 games at Wake Forest Red Sox draft pick with 'big velocity' listed as candidate to make MLB debut in 2026 What to know about Red Sox on Day 2 of the MLB Draft, list of picks Read the original article on MassLive.
New York Post
15-07-2025
- Business
- New York Post
Rays could move to Tampa after $1.7 billion sale finalizes
The Tampa Bay Rays might finally live up to their namesake. A group led by Jacksonville developer Patrick Zalupski is expected to buy the franchise for a reported $1.7 billion as early as September, and it wants to move the team from St. Petersburg to Tampa, according to The Athletic. Current Rays owner Stu Sternberg purchased the team for $200 million in 2004. 3 Soon to be Ray's owner, Patrick Zalupski University of Florida 3 Damage done to Tropicana field after Hurricane Milton. AP There has been pressure on Sternberg to sell the team, as the Rays have been trying to build a new stadium for almost two decades. His most recent plan was to build a $1.3 billion stadium in St. Petersburg, but Hurricane Milton thwarted those plans and damaged the roof of Tropicana Field in the process. 'After careful deliberation, we have concluded we cannot move forward with the new ballpark and development project at this moment,' Sternberg said in a statement in March. 'A series of events beginning in October that no one could have anticipated led to this difficult decision.' Instead, the Rays have gotten a taste of Tampa this season as they've played their home games at Steinbrenner Field, the Yankees spring training ballpark. Rays fans in Tampa have seemingly shown support for the team as they fill almost 90 percent of the 11,000-person capacity stadium on average. Comparing those numbers to last year at Tropicana Field, they could only manage to fill 38 percent of the 45,300-seat stadium on average. 3 Ryan Pepiot pitching at Steinbrenner Field. Getty Images Zalupski, founder, chairman and CEO of Florida-based homebuilder Dream Finders Homes, is no stranger to owning baseball teams. He already counts minor league franchises the Jacksonville Jumbo Shrimp and Akron Rubber Ducks as part of his portfolio. Now, he's on the brink of adding a major league franchise, and maybe even getting them a long sought-after home in a new place.
The Advertiser
02-07-2025
- The Advertiser
Faye hand-carved an underground cave to live, her home is now a museum
* Scroll down for more pictures of this incredible home While it can be a challenge to regulate a home's temperature, many people in this remote Australian town live comfortably year-round in underground dugouts. Faye's Underground Home is an example of such a property in Coober Pedy, located more than 800km north of Adelaide and famous for opal mining. The home's current owners, Lorraine and Dieter Sternberg, have turned it into a visitor's experience and tribute to the woman who developed it, the late Faye Nayler. Read more in The Senior "What Faye put into that home back in the early years was incredible; it was far beyond some of our thinking and what she created there," Mrs Sternberg said. According to the Coober Pedy tourism website, it's estimated that about half the town's population lives underground. The dugouts are generally built into the side of a hill rather than beneath the surface, with the soil stable enough to hold rooms with wide ceilings. Coober Pedy Historical Society secretary Jenny Davison told The Senior, miners started building dugouts at the same time opals were discovered in the town in 1915 due to a lack of building materials, the town's remoteness, and the extremes in temperature. Mr and Mrs Sternberg, of Adelaide, lived in Coober Pedy from the mid-1970s until 2015, and own the Opal Cave, which Ms Nayler started. "Living underground is the best way to live," Mrs Sternberg said. "The temperatures stay a constant 24 degrees all year round; you don't really need air conditioners or heaters." Faye's Underground Home was a small mail truck workshop when Ms Nayler bought it in the early 1960s. But she and two friends, Ettie Hall and Sue Bernard, turned it into the home it is today, using nothing but picks and shovels as they searched for opals at the same time. Over about 10 years, the women built the kitchen, three bedrooms with walk-in robes, two lounge rooms, a billiard room, a (rarely used) fireplace, a bar and an indoor pool. Ms Nayler also built a non-working mine alongside it for tourists to explore and get the feel of being underground. Ms Nayler had a pioneering spirit; sensing the interest from visitors after opal mining boomed in the 1960s, she worked with bus companies to help run mine and town tours, plus started the Opal Cave underground accommodation and tourism business. Mrs Sternberg managed the Opal Cave for Ms Nayler in the late 1970s before she and Dieter bought it from her in 1982. While Ms Nayler only lived in that dugout for a few years before creating another one and taking on other adventures, Mrs Sternberg named it in her honour to preserve her legacy. "She was a jack of all trades and mastered them all," Mrs Sternberg said. "She was a very strong person, but she was strong in the nicest of ways." Share your thoughts in the comments below, or send a Letter to the Editor by CLICKING HERE * Scroll down for more pictures of this incredible home While it can be a challenge to regulate a home's temperature, many people in this remote Australian town live comfortably year-round in underground dugouts. Faye's Underground Home is an example of such a property in Coober Pedy, located more than 800km north of Adelaide and famous for opal mining. The home's current owners, Lorraine and Dieter Sternberg, have turned it into a visitor's experience and tribute to the woman who developed it, the late Faye Nayler. Read more in The Senior "What Faye put into that home back in the early years was incredible; it was far beyond some of our thinking and what she created there," Mrs Sternberg said. According to the Coober Pedy tourism website, it's estimated that about half the town's population lives underground. The dugouts are generally built into the side of a hill rather than beneath the surface, with the soil stable enough to hold rooms with wide ceilings. Coober Pedy Historical Society secretary Jenny Davison told The Senior, miners started building dugouts at the same time opals were discovered in the town in 1915 due to a lack of building materials, the town's remoteness, and the extremes in temperature. Mr and Mrs Sternberg, of Adelaide, lived in Coober Pedy from the mid-1970s until 2015, and own the Opal Cave, which Ms Nayler started. "Living underground is the best way to live," Mrs Sternberg said. "The temperatures stay a constant 24 degrees all year round; you don't really need air conditioners or heaters." Faye's Underground Home was a small mail truck workshop when Ms Nayler bought it in the early 1960s. But she and two friends, Ettie Hall and Sue Bernard, turned it into the home it is today, using nothing but picks and shovels as they searched for opals at the same time. Over about 10 years, the women built the kitchen, three bedrooms with walk-in robes, two lounge rooms, a billiard room, a (rarely used) fireplace, a bar and an indoor pool. Ms Nayler also built a non-working mine alongside it for tourists to explore and get the feel of being underground. Ms Nayler had a pioneering spirit; sensing the interest from visitors after opal mining boomed in the 1960s, she worked with bus companies to help run mine and town tours, plus started the Opal Cave underground accommodation and tourism business. Mrs Sternberg managed the Opal Cave for Ms Nayler in the late 1970s before she and Dieter bought it from her in 1982. While Ms Nayler only lived in that dugout for a few years before creating another one and taking on other adventures, Mrs Sternberg named it in her honour to preserve her legacy. "She was a jack of all trades and mastered them all," Mrs Sternberg said. "She was a very strong person, but she was strong in the nicest of ways." Share your thoughts in the comments below, or send a Letter to the Editor by CLICKING HERE * Scroll down for more pictures of this incredible home While it can be a challenge to regulate a home's temperature, many people in this remote Australian town live comfortably year-round in underground dugouts. Faye's Underground Home is an example of such a property in Coober Pedy, located more than 800km north of Adelaide and famous for opal mining. The home's current owners, Lorraine and Dieter Sternberg, have turned it into a visitor's experience and tribute to the woman who developed it, the late Faye Nayler. Read more in The Senior "What Faye put into that home back in the early years was incredible; it was far beyond some of our thinking and what she created there," Mrs Sternberg said. According to the Coober Pedy tourism website, it's estimated that about half the town's population lives underground. The dugouts are generally built into the side of a hill rather than beneath the surface, with the soil stable enough to hold rooms with wide ceilings. Coober Pedy Historical Society secretary Jenny Davison told The Senior, miners started building dugouts at the same time opals were discovered in the town in 1915 due to a lack of building materials, the town's remoteness, and the extremes in temperature. Mr and Mrs Sternberg, of Adelaide, lived in Coober Pedy from the mid-1970s until 2015, and own the Opal Cave, which Ms Nayler started. "Living underground is the best way to live," Mrs Sternberg said. "The temperatures stay a constant 24 degrees all year round; you don't really need air conditioners or heaters." Faye's Underground Home was a small mail truck workshop when Ms Nayler bought it in the early 1960s. But she and two friends, Ettie Hall and Sue Bernard, turned it into the home it is today, using nothing but picks and shovels as they searched for opals at the same time. Over about 10 years, the women built the kitchen, three bedrooms with walk-in robes, two lounge rooms, a billiard room, a (rarely used) fireplace, a bar and an indoor pool. Ms Nayler also built a non-working mine alongside it for tourists to explore and get the feel of being underground. Ms Nayler had a pioneering spirit; sensing the interest from visitors after opal mining boomed in the 1960s, she worked with bus companies to help run mine and town tours, plus started the Opal Cave underground accommodation and tourism business. Mrs Sternberg managed the Opal Cave for Ms Nayler in the late 1970s before she and Dieter bought it from her in 1982. While Ms Nayler only lived in that dugout for a few years before creating another one and taking on other adventures, Mrs Sternberg named it in her honour to preserve her legacy. "She was a jack of all trades and mastered them all," Mrs Sternberg said. "She was a very strong person, but she was strong in the nicest of ways." Share your thoughts in the comments below, or send a Letter to the Editor by CLICKING HERE * Scroll down for more pictures of this incredible home While it can be a challenge to regulate a home's temperature, many people in this remote Australian town live comfortably year-round in underground dugouts. Faye's Underground Home is an example of such a property in Coober Pedy, located more than 800km north of Adelaide and famous for opal mining. The home's current owners, Lorraine and Dieter Sternberg, have turned it into a visitor's experience and tribute to the woman who developed it, the late Faye Nayler. Read more in The Senior "What Faye put into that home back in the early years was incredible; it was far beyond some of our thinking and what she created there," Mrs Sternberg said. According to the Coober Pedy tourism website, it's estimated that about half the town's population lives underground. The dugouts are generally built into the side of a hill rather than beneath the surface, with the soil stable enough to hold rooms with wide ceilings. Coober Pedy Historical Society secretary Jenny Davison told The Senior, miners started building dugouts at the same time opals were discovered in the town in 1915 due to a lack of building materials, the town's remoteness, and the extremes in temperature. Mr and Mrs Sternberg, of Adelaide, lived in Coober Pedy from the mid-1970s until 2015, and own the Opal Cave, which Ms Nayler started. "Living underground is the best way to live," Mrs Sternberg said. "The temperatures stay a constant 24 degrees all year round; you don't really need air conditioners or heaters." Faye's Underground Home was a small mail truck workshop when Ms Nayler bought it in the early 1960s. But she and two friends, Ettie Hall and Sue Bernard, turned it into the home it is today, using nothing but picks and shovels as they searched for opals at the same time. Over about 10 years, the women built the kitchen, three bedrooms with walk-in robes, two lounge rooms, a billiard room, a (rarely used) fireplace, a bar and an indoor pool. Ms Nayler also built a non-working mine alongside it for tourists to explore and get the feel of being underground. Ms Nayler had a pioneering spirit; sensing the interest from visitors after opal mining boomed in the 1960s, she worked with bus companies to help run mine and town tours, plus started the Opal Cave underground accommodation and tourism business. Mrs Sternberg managed the Opal Cave for Ms Nayler in the late 1970s before she and Dieter bought it from her in 1982. While Ms Nayler only lived in that dugout for a few years before creating another one and taking on other adventures, Mrs Sternberg named it in her honour to preserve her legacy. "She was a jack of all trades and mastered them all," Mrs Sternberg said. "She was a very strong person, but she was strong in the nicest of ways." Share your thoughts in the comments below, or send a Letter to the Editor by CLICKING HERE
Vancouver Sun
27-06-2025
- Business
- Vancouver Sun
Is the 'Buy Canadian' push proving profitable for local fashion brands?
The initial threat — and eventual rollout — of tariffs on Canadian goods entering the U.S. earlier this year prompted a robust callout among consumers to 'Buy Canadian.' With shoppers looking to support homegrown labels, and keep their dollars from going south of the border, the opportunity for local companies of all sizes and types to benefit from the patriotic push seems stronger than ever. 'Customers are not only more aware, but also more vocal about supporting local businesses and locally made products,' says Amanda He, founder of the Vancouver-based fine jewelry brand Poppy Finch. Discover the best of B.C.'s recipes, restaurants and wine. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of West Coast Table will soon be in your inbox. Please try again Interested in more newsletters? Browse here. Groups with thousands, and even a million, members highlighting local businesses and brands have popped up on various social-media platforms. On Facebook, the group Made in Canada boasts more than 1.4 million members and features countless posts featuring a variety of goods ranging from crafts and artists, to food, stores and more. These groups, along with the increased general sentiment toward supporting local, have led to a welcome boost in awareness of and traffic to Canadian brands, insiders say. 'We are seeing huge bursts of traffic, often from online shoutouts, like the Made in Canada Facebook group,' says Jess Sternberg, owner of the made-in-Vancouver clothing brand Free Label. In April, BMO released a report that predicted the 'Buy Canadian' movement could 'add roughly $10 billion to the Canadian economy annually.' But, with so much buzz around buying Canadian, are brands seeing an actual boost in sales? According to Sternberg, that bounty of Canadian business hasn't exactly blossomed as expected. 'When the threat of tariffs and the push to Buy Canadian started earlier this year, I expected our U.S. sales to decline — about 35 per cent of our sales come from the U.S. — and our Canadian sales to grow,' she says. 'But the reality is a little different. Our traffic from Canadians has skyrocketed, while our sales have actually declined a bit.' The big push in traffic to their online platforms, Sternberg notes, has also not translated to more subscribers. Local clothing company Smash + Tess , which manufactures a portion of their designs in Vancouver and some overseas, reports the 'buy-Canadian' movement has helped build on its base of support from domestic shoppers that has been fostered by its partnerships with Canadian influencers such as Jillian Harris and Sarah Nicole Landry. 'While we've been fortunate to have a strong, loyal Canadian customer base since our inception, we're feeling an even stronger connection to our community who value supporting our Canadian, women-owned business,' says CEO Ashley Freeborn. 'That said, we didn't experience an overnight shift in demand in the same way as some industries like household products and groceries.' For He, who has been manufacturing her brand's fine jewelry pieces locally since starting the company in 2014 — 'Canada has the resources, talent and technology to do things the right way. That's why we've always kept our production in-house,' He says proudly — the absence of a spike in spending from Canadians, coupled with the rising cost of gold, has put a difficult squeeze on her business. 'We can't simply pass on all the added costs to our customers,' He explains. 'We've had to absorb some of the impact, which affects our margins and makes it more challenging to grow.' He says another hurdle to business has been the lingering general uncertainty around the tariffs and importing costs. 'Unclear rulings from both the Canadian and U.S. governments have disrupted our operation — causing delays in clearing imported materials and inaccurate tariff charges we constantly monitor and dispute with customs on both sides of the border,' she says. The companies we spoke with all reported an aspect of business amid the tariffs: their U.S. customers are, by and large, continuing to shop with them. 'Our U.S. orders have, ironically, held steady despite the threat of tariffs and air of unknown,' says Sternberg. 'So, we're thankful that the overall impact has been less than anticipated.' Freeborn points to her company's continuing partnerships with online influencers and content creators south of the border as a factor that has served to stave off any potential drops in business from American customers. 'We do our best to maintain partnerships with influencers and creators in the U.S. who continue to help us promote, so we haven't seen too much impact,' she notes. The key to building on the momentum of 'Buy Canadian' is to connect with customers who are not only willing to discover and support homegrown offerings, but to invest in them. 'We've experienced firsthand the impact of finding value-aligned customers who want to spend their hard-earned dollars with brands that are consistent with their own values,' says Freeborn. 'I think this sentiment will only grow stronger with the 'Buy Canadian' movement, which is encouraging to see.' In a slow economy, and with the cost of living restricting many Canadian's purchasing power, accepting the higher cost of Canadian designed and made goods remains a sticking point, Sternberg says. 'I know many Canadians want to shop locally, but when it's time to check out, they often become disenchanted by the difference in price,' she says. 'Canadian-made is expensive. Most of our fabrics are milled and dyed in Canada, and our garments are cut and sewn. Even our labels are produced in Canada. When you consider the high cost of domestic rent, wage and shipping it makes sense — but the average consumer is far too used to bargain prices from overseas manufacturers that employ low-wage workers and manufacture in bulk.' There are good reasons, she underscores, why buying Canadian products comes at a higher cost. Aharris@
Yahoo
21-06-2025
- Business
- Yahoo
Rays owner in ‘advanced talks' to sell MLB franchise for $1.7 billion
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. Advertisement '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 team said in a statement. 'Neither the Rays nor the group will have further comment during the discussions.' Rays' Junior Caminero runs the bases after his double off Miami Marlins pitcher Edward Cabrera. AP The Rays perennially have one of the smallest payrolls in Major League Baseball but have been one of the most successful teams since 2008, with the third-highest winning percentage in that time. Only the Yankees and the Dodgers have a higher win percentage. Sternberg, principal owner of the franchise, purchased the Rays in 2004 for $200 million, but has faced mounting pressure to sell the team in recent years. Advertisement According to The Athletic, MLB commissioner Rob Manfred and other owners have been attempting to persuade Sternberg to sell. The Rays have spent considerable time trying to build a new stadium to replace Tropicana Field. They had a deal in place to begin building a new 30,000-capacity stadium as part of a mixed-use development in the Historic Gas Plant District in downtown St. Petersburg. Patrick Zalupski is the founder, chairman and CEO of Dream Finders Homes, a Florida-based homebuilder. University of Florida Tropicana Field after Hurricane Milton. AFP via Getty Images However, as the March 31 funding deadline passed, Sternberg announced that the plans were being scrapped due to financing delays. Currently, the Rays are unable to play at Tropicana Field after the stadium sustain massive damage from Hurricane Milton in October 2024. They are instead playing out of George M. Steinbrenner field in Tampa, which is the site of the Yankees' spring training facility and home of their High-A club. Advertisement A Rays sale would be MLB's third franchise to change hands in recent years. In 2020, the Mets were sold to Steve Cohen, and, in 2024, a group led by David Rubenstein bought the Orioles. The news of the franchise's potential sale came just hours before ESPN reported the majority share of the NBA's Lakers being sold to Mark Walter, owner of MLB's Dodgers, in a $10 billion deal.
