Sports
Presser: New Rays Owners Patrick Zalupski, Bill Cosgrove, & CEO Ken Babby Are Introduced
New owners Patrick Zalupski, Bill Cosgrove, and CEO Ken Babby introduce themselves and share their vision for the Tampa Bay Rays. They emphasize their commitment to building a championship team and a ...
Presser: New Rays Owners Patrick Zalupski, Bill Cosgrove, & CEO Ken Babby Are Introduced
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Interactive Transcript
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Each of them will have brief remarks and then we will take questions.
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We'll bring around the microphone to the media.
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We ask that you ask one question and no follow-ups,
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but we'll try to get around the room twice.
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After we are finished, please remain seated.
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We will have a photo up and then we will immediately be on our way to St.
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Petersburg to meet with staff.
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So we will set up any future one-on-ones after that.
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Patrick.
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Great. Thank you, we're a hussy.
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Good morning.
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I'm behalf of myself, Ken Babby, Bill Cosgrove.
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Thank you all for being here.
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Today is an incredibly exciting day for us personally, for our families,
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for our partners, and I hope for the entire Tampa Bay community.
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We are honored and feel privileged to be the new owners of the Tampa Bay race.
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This moment is not just about ownership, it's about stewardship.
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We recognize the deep responsibility we now carry.
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To deliver a championship caliber team on the field and a world class experience for our fans.
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That's a commitment we make with humility, with pride, and with great anticipation.
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I want to extend my heartfelt thanks to Commissioner Rob Manfred
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and to the other team owners for their support and encouragement throughout this journey.
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And I especially want to thank St.
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Hughes-Turmberg for building a franchise known for its innovation and success
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and for trusting our group to carry that legacy forward.
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Stu, your leadership is laid afoundation that we are proud to build upon.
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I'm also deeply grateful that so many of our partners are here with us today to celebrate.
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This is a shared moment with so many great people who participate in this process to get us here today.
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I'm especially excited to announce that Ken Babby,
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will be leading the day-to-day business operations as the CEO of the team.
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Ken brings a passion for excellence and a deep respect for the culture that already exists within this organization.
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I'm also looking forward to working with baseball,
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President of baseball operations, Eric Neander,
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and Manager Kevin Cash will continue to build a championship culture.
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Be assured that we plan to do a lot of listening and a lot of brainstorming.
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We want to be methodical and we will have purpose,
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envision, and all we do.
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But it's also essentially moved with a sense of urgency.
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It's no secret that we need a new forever home to secure the race long-term future in Tampa Bay
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and delivering upon that objective will be our first priority.
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Our goals have a world-class ballpark ready for opening day 2029.
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We acknowledge this as aggressive and perhaps audacious, but time is of the essence.
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The ballpark will anchor a best-in-class mix-use development of likely at least 100 acres containing hotels,
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office, retail, restaurants, bars, music venue.
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This list...
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I am sorry.
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I'm sorry.
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I'm sorry.
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I'm sorry.
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I'm so sorry.
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First time.
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I'm sorry.
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I'm here.
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I'm so sorry.
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Excuse me.
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Paula, would you take this and shut it off for me?
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I'm so sorry.
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Well, I think we broke the ice Patrick, so I'm so sorry.
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It said don't mess with Bill.
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Did you catch that?
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Okay.
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I'm sorry.
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Oh, right.
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It's a song.
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It's an old song, Patrick.
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The ballpark will anchor a best-in-class mix-use development of
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likely at least 100 acres containing hotels, office, retail, restaurants, bars, music venue.
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This list of criteria is effectively everything we believe
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to be essential to delivering a world-class live, work, play experience.
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We are also determined and pledged to you
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to build a championship caliber team
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and believe that we believe this development will generate the revenue needed for long-term
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sustainable success.
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This in turn will create jobs for our community, supporting economic growth and
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opportunity in this region for generations to come.
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To be clear, it is our first and highest priority to find that home here in
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Tampa Bay.
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We understand the history and how important it is to get it right
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for the fans, our employees, the entire Tampa Bay region, and Major League Baseball.
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We're confident that working together will find the right path for.
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Thank you.
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So, thanks, Rosy.
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Before I start my comments, Ken, would you please make sure your phone is shut off?
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I apologize for that.
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Good morning, everybody. My name is Bill Cosgrove.
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We are on behalf of my family.
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We are really excited and honored to be part of the Tampa Bay Rays.
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I've had my entire life a love of the game of baseball.
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Sitting here, you never really expect to get here.
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So, you have to mention your hometown.
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And mine is Bedford, Ohio.
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And the sand lots of Bedford and all my friends have been calling me.
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And it's really, really exciting.
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My career, Cassie, my career peaked at the age of 14 when a kid named Frankie threw me a curveball,
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of which I had never seen before.
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After that, it was kind of all over.
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But my passion for the game has remained ever since.
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Also as a family, our passion for Tampa Bay, our love affair has grown.
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15 years ago, we built a house by now or south of here on the golf coast.
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And we just love the region.
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Union Home Mortgage, our company, has a relationship with the Tampa Bay Sports Authority.
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And the Union Home Mortgage Gasperlable that we've been part of for the last five or six years.
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Feeding Tampa Bay as well, that group.
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So we've really just given our heart to the area.
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And especially now with the Tampa Bay rays, we're looking forward to doing more of that.
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I've got to say for a second before I turn it over to Ken.
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Over the past months, I've gotten an opportunity to know many, many people of the Tampa Bay
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rays organization from Stu and Mad and Brian and Eric.
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And just meeting Kevin on down, Rossi, everybody.
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Mel, the organization is wonderful.
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The culture is wonderful.
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The people are just world class.
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And we're excited really to be a part of it.
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We understand that it's all about winning on the field, winning in the community.
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And that's what we intend to do.
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Thank you Bill.
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Thank you Patrick.
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Good morning.
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Today is the realization of a lifelong dream.
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Baseball has always been an integral part of my life
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since as far back as I can remember.
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My father served as General Counsel of the Baltimore Orioles.
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And as a kid, I spent countless hours watching them build camped in yards,
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watching, learning, and falling in love with the game.
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I was fortunate to have a front row seat to watch the way a ballpark in a development can change a
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community.
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In March, every year we'd come down to St. Petersburg and I even had the opportunity to serve as a
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batboy for the Orioles at Alang Stadium where I had the chance to go back this past Saturday night
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and watch the Routes win for nothing our first game in owning the team.
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It was fun to be back there.
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Baseball and sports and in general have a wonderful way of bringing community together.
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Truly like nothing else.
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My journey as a team owner started an Akron where I had a chance to meet Bill
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and our ownership of the Akron rubber ducks.
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And then on to AAA in Jacksonville where I met Patrick and our work began together.
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It's really unbelievable being in this room today.
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It's humbling and it's deeply personal to me and my family and all of our families.
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So many people have helped us along this journey.
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From the beginning our focus has always been to make baseball a fun and unforgettable experience.
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Accessible, affordable, creating lifelong memories for families, for friends,
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to take moments away from life's busy paces.
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Baseball provides the perfect platform in life to do that.
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It's exactly why we're here.
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We will create a world-class fan experience here in Tampa Bay for our fans.
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And we will do it one at a time in incredibly unique ways.
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On the field as Patrick and Bill have both mentioned,
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we're committed to continuing the great work that Eric and Kevin and the team are doing
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to be a championship culture on the field.
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And we're going to continue to support them and we can't wait to work together
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to realize all of our dreams together and bring that championship back here to Tampa Bay.
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A look forward to supporting them in the organization and the reality is
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the foundation of what Matt and Stu and Brian and the work that's been done here for decades,
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the foundation is strong. We're here to help add value where we can.
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The same is set on the business side of the organization.
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We plan to continue that same championship culture while we recognize we have incredible work
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ahead of us. We've brought together an incredible special local group of partners
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that we believe will help us continue to cement the right relationships to be successful.
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We will also seek input from public officials, Mayor Caster, Mayor Welsh. It's an honor to have
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you with us today. We look forward to working with you to be successful here.
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We have other county officials in the room. I want to thank you for your continued commitment
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to our work, community leaders, corporate partners, a number of folks in the room that make
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this machine go and you have our commitment that we're going to do our best to do our part as well.
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Because at a core, baseball is more than just a baseball team that sells beer, hot dogs,
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and tickets. We'll do those things too. We will use the game of baseball to do good in the
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community, to make Tampa Bay a better place to work, live, and play. Tropicana Field is our
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current home and we can't wait to get back to our in April 6th next year. I want to thank the
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Mayor and his team in St. Petersburg for the incredible work that's going on behind the scenes to
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get Tropicana Field, the home of the Tampa Bay Rays ready for baseball in 2026. At the end of
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this week, we'll have 12 of our 24 panels on the roof. That's worth a round of applause.
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Everybody in the community has answered the call and that's not a reference to Bill's phone.
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One at a time, each in unique ways to be able to deliver and where deeply appreciative of your help.
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We look forward to building this reality together with our team and with our staff and with the
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community. We plan to do our part two at Tropicana Field and as we get close to spring, we'll be
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announcing a number of fan experience changes that you can look forward to, that the ownership
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group will be putting back into Tropicana Field, new video boards, new sound system. Of course,
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the new roof that everybody's looking forward to, we're going to do our part to be able to stand up
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and celebrate coming home next spring. Finally, I'd just like to speak directly to the members of
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the RAIS staff and family from a business operations team to the baseball ops department,
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from the analytics to the ushers to everybody that goes to make this work. We're making an enormous
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investment in buying the Tampa Bay RAIS because we believe in you. It's always about the people.
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We believe in the entrepreneurial resilient way this group has come together through so much
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over these last few years. We believe in your culture, we believe what the previous regime has
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created and we want to build to sustain it. Your resilience and strength is inspiring and together,
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we're going to work to build something even more incredible for Tampa Bay,
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capping it off with a World Series trophy. We can't wait to be here and we can't wait to get to work.
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I want to thank Patrick and Bill for the trust and the investment of what we're building together
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and we're ready to get going. Thank you.
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We'll now open it up for questions. Please state your name and affiliation.
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Mark Topkin, Tampa Bay Times. Patrick, given the grand vision, you just expressed for a stadium and
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a full complement of other activities around it. Can you share where in the process are you?
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And it would seem there's only a limited number of sites that could accommodate that. Have you
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identified them? And do they include both sides of the Bay? We're encompassing all of Tampa Bay.
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We're evaluating sites currently. Part of our arrangement was stewed through the process was that
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we would not have any discussions with any public officials until we had officially closed
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in the team which happened last Tuesday. So we're now full steam ahead on site evaluation, feasibility
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analysis. There's probably more sites that meet the criteria than you would realize.
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We kind of really in the process did at least a high level analysis of what we thought would meet
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the criteria. And let me maybe talk a little bit about criteria as well because that's a really
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important thing for us. And land is very critical. We spent a lot of time studying, evaluating,
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meeting with the Atlanta Braves have been incredibly generous with their time and resources to let us
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look at the battery. We think the battery is the gold standard of what we want to build and develop
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here in Tampa Bay. And that venue, that development really, not only is it an incredible experience for
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the fans, the community, the players, but it is what you have to have in today's major league
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baseball to be successful. We think without that revenue generation, it's going to be really,
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really challenging or nearly impossible to compete with the major markets. So for us, this is
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critical to building a championship team. We have to meet this criteria. We think it's likely,
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as I said, 100 plus acres if you ask the Braves, they'll tell you, you know, not what was the one
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thing you'd do differently if you could, they say land, land, land, right, more land. And they're
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just a lot of location, quality of location with a amount of land. And there's a point that that'll
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intersect. So it's not just, well, over this is 500 acres, you know, 30 miles outside of Tampa.
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That's not what we're looking for. We want to create location and as much land as we can get. So
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hopefully that answers your question.
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Ashley Craig, sir, Tampa Bay Business Journal, Patrick, if you were a betting man or if you had a
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goal, how quickly will we see a proposal for a stadium and this development you just referenced?
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We're just getting started. We've got a lot of work ahead of us.
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We're going to have meetings this week with, you know, with St. Pete, with Tampa,
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and really just getting our bearings, right? So there's no other than, I think we know that we need a,
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again, we've got to achieve this criteria. We've got to deliver this world class development
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to generate the revenue to produce a consistent championship caliber team. We don't want to be
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one year great and five years bad and have to go all in. And it's not, we want to build a sustainable
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championship team. And I think the revenue generation that can come out of this development will
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provide that. So timing, we're getting to work. I mean, we've got a lot to do. A lot to do. It's
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going to be challenging, but we're confident that we can be successful here in Tampa Bay.
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Adam Berry, Moby.com. You've talked about the sustainable championship culture as far as the
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team on the field. Do you guys expect to continue what's been done as far as investing in player
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payroll or could you see potentially more than that going forward? A great question. I mean,
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the economics of the club have not changed since we acquired them. And so, again, you'll hear a
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common theme, obviously. We've got to create this development. We have to have the revenue.
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It's critical to our success. You know, continuing what we've done, these guys done an incredible
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job. I mean, blown away, more I learned from Eric and Kevin, it's just we have an incredible
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organization. We have a self-imposed rule that none of us and none of the partners are allowed to
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talk to where I have any influence on the baseball operations. Zero. These guys are exceptional.
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I think we have a, we can provide a lot of help on the business side, sponsorship, growing our
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community outreach, fan experience, and we're excited to get to work on that.
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Ryan Bass, Fandall Sports Network. Patrick Bell, nice to meet you guys. Can good to see you. Can
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I have a quick question for you? Just you mentioned fan experience. I don't know how big a part that is
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of kind of your aura joining this organization from the Sownership Group. What have you noticed since
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you've been here? I know you've been here a couple weeks, taken some notes, you know, observing.
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And then what do you hope to put your stamp on in terms of the fan experience back at Tropicana
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Field and from Ray's baseball? Yeah, thanks Ryan. I think right now, you know, we're just
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taking it all in and digesting. And I think having the roadmap to getting back to Tropicana Field
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and Aples, our goal, we're spending a lot of time as a staff thinking about how we can get in there
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and make that expression. I think Tropicana Field is going to look better than it has ever looked
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in April. The city behind the scenes is doing wonderful work. The team is doing work. We're
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spending a lot of time together thinking about how we can enhance that experience because we are
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going to be there, despite our objective of being in a new ballpark in 29. We want to be competitive
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and we want to be successful on the field, of course, but continuing to invest in our fans and
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the experience from food options, accessibility, pricing, talked about some of the amenities,
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and we'll talk closer to the start of the season about some of those new initiatives. But,
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yeah, I think right now, I think at this point, we're taking it all in. There's certainly
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conversations to be had, but my favorite part of this has just been being able to talk with
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fans over the course of the last few weeks, and we'll do more of that through the winter and into
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the spring. You know, we work in a business where you get a chance to ask your customer every day what
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we could be doing better. And that's exactly what we intend to do, and that'll be important in
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developing our fan plan of getting back to the top and also thinking about next year as well.
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Yeah, thanks, right? I have an axle bank from Fox 13. Good to meet you after weeks of talking
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about you and writing about you. First thing I just want to ask is, do you, you just mentioned that
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the economics of the club have not changed? Do you envision being able to pay for the ballpark
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yourselves, or will you be asking for a public subsidy, and how much will that subsidy be in
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relation to the previous subsidies that we're asked for? Great, great question. And, uh,
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okay, these are high profile small community businesses. And so, you know, I think it's critical to
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have a public private partnership. We don't know. Again, we just close on the team Tuesday.
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We're excited about that. We're excited to be here today and answer these questions, but we've
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got a lot of work to do. So how that looks, the structure, is it up front, is it over? There's
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so many nuances to how a deal could come together, but we're confident that Tampa Bay wants to
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CSB successful. We want to be successful. I think everybody wants to deliver a championship team.
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And so this is going to be critical to doing that, and we look forward to working with
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Tampa Bay to get that done. I know you said that the stadium location would encompass all of
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Tampa Bay, your search for it. Previous ownership group has tried numerous times to get into Hillsbroke
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County Tampa, because it's the population center as they saw it. Would that be where you start
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your search? I mean, would that be the most preferable location on this side of the bridge?
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We're looking at everywhere. I mean, honestly, it's a great region. We just don't want to pigeon
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it all ourselves into one location or one site. We really want to evaluate everything, be methodical,
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be disciplined, complete our feasibility, well, generate pro-formers, and really try to determine
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which site is going to meet the criteria we've laid out the best and deliver the revenue and the
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experience we're looking for to create that championship team. So much of the public-private
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partnership has to be a win for the community and for the team. And we'll come forward doing our
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part, but we need the partnership of the community to be able to make this work. And that ultimately
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will be a public-private partnership that's going to add jobs, deliver value. We think find really
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unique ways of being able to make Tampa Bay a better place to work, live, and play, and create
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something, frankly, that isn't here today. Hi, Lewis Slovia with the Business Observer. Kind of
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piggybacking, piggybacking on those last couple of questions. The previous ownership group has tried
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this and unfortunately it never worked out. What are you doing differently that will make it work
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this time? And what is your plan B if it doesn't work out? Focus on plan A, right? Yeah.
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Yeah. Plan A is to figure it out here in Tampa Bay. And again, we're confident, we're confident that
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we're going to get that done. We know it's going to be challenging, but to Ken's point,
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you know, it's our job as well to lay out the vision and have the community buy into that. We
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can't just come and say, hey, that's right. You have to give us this. It's a partnership. That's right.
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And so we've got to work together. We've got to provide economic reports and studies and work
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together with the counties, with the municipalities, the cities to come up with the best cohesive
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development we can we can generate together. So we're looking forward to tackling that head on.
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Can you say anything about that? It's a perfect. Okay. Jeff Patterson with WFLATV. And I've heard what
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you said about not wanting to pitch in wholly yourself into one location over the other. But I also
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just heard you say we're looking at everywhere. So everybody wants to know what side of the
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Bay you'll land on. But does that include also when you say everywhere in the region? Does that
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include Jacksonville or Ohio or Orlando? So where are you looking? You know, I'm trying to narrow it
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down a little bit. Well, I can answer Ohio's a no. I wasn't going to say that. I can do that. I
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think that's going to be successful right here in Tampa Bay. I think that is the clearest answer.
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And also to the prior question, we're very aware and in touch with the fatigue around this issue over
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the last 21 years. You know, we certainly haven't lived at first hand, but being alongside the staff,
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understanding and listening. So much of this is about listening and asking questions. We know that
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fatigue is real. And, you know, we know that we have a lot of work to do ahead of us. And that work begins
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today. Don Strubel roundtable sports. You guys are obviously tasked with aero of uncertainty and
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quite the work ahead to secure all of your future plans. But through more of a short term lens,
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how excited are you about the progress of Tropicalanafield and getting this team established back in
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its home after an unprecedented season? Yeah, I mean, you know, as I said, it's been a little bit
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of my home away from home. We haven't been able to have official meetings with public officials,
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as Patrick mentioned ahead of the closing of the transaction. What I have been able to do is
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spend a good amount of time in Tropicalanafield and seeing the work that the city's been able to do.
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And our partners at AECOM is doing and the staff to be able to get this ready. I mean, when I say
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they've answered the call, they have answered the call in a meaningful way unanimously to step up
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to be able to get baseball ready so we can open up here in April against the Chicago Cubs. And I think
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that work is really quite heroic. And when you look, of course, of what the region has been
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through with not one, but two storms to get the roof back on, to get the building open,
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we think it's going to look great in the spring. And obviously, we're looking at both the short term
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goals of getting back, but also finding our forever home for sure. We've got to be a little
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ambidextrous about the way that we operate. And I think, you know, being focused, of course, on the
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long term while also keeping our eye on the ball in front of us is the task at hand. And we're
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up for the challenge. Hi, Colleen, right, with the Tampa Bay Times. You mentioned that your goal
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is to have a world-class ballpark ready for 2029. And it would anger, you know, best-in-class
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mix use development. That sounds very similar to what the previous owners had in line. And it was
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already approved by St. Petersburg and Penelas. Would you revisit those plans or given the time
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of the essence? Does that make Tropicaly County Field a more attractive option?
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Great question. We think, I'll take the second one, maybe, Tropicaly County Field.
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I think in the short term, that's a great, we're really excited to get back. There's Ken
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Senate. We need to be back there. We need to be in a major league ballpark. I think the team
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wants to be there. The fans want to be there. Long-term, we're looking for our forever home.
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And that is in the Tampa Bay region, we believe it'll be a, we need a new, we need a new ballpark.
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I think that's been, I don't think that's disputed by anybody on either side of the bay.
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The new ballpark is critical to delivering what we want to accomplish over the long term.
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Anything to that? Ken, it's perfect. You did.
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Scott Smith, Fox 13, congratulations, gentlemen. So, two-parter, the extension of a lease at the
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TROP is that discussion that's been had yet. And to follow up, you guys mentioned the high level
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kind of evaluation process. Did that, did the results of that precede or was it contingent upon
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your, your offer in a sense? Did you, did you pursue those, you know, options, side options,
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prior to making the offer for the purchase? I think it's premature to talk about the extension on
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TROP, I can't feel, as we said, we're just eager to get right back in there in the spring and
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and put everything we can. Both, by the way, the public money going in, but the team
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making the commitment as well to show how committed that we are to returning to our home.
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And I think that that's, that's where our focus is.
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Hello, Veronica Brasina with St. Pete Rising, a quick question. And again, congrats to
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to all of you on the purchase and welcome to Tampa Bay again. But I want to ask, what are your
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thoughts on the current proposals submitted by Arc and Vess and their partners as well?
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Yeah, I think we, you know, we're digesting it. I think like everybody else's, we're
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familiar with the folks who have put that together. Obviously, we are, you know, I would say,
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energized and encouraged by any development that's happening in the region. We look across, you know,
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the entire region and are encouraged just by how much growth as you go through and see cranes and
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development. It's very inspiring. And so we'll have a chance to sit down and understand that
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proposal and obviously work alongside our partners at the city and understand what that, what that
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means. But I think right now we're, we're still in the process of digesting it. Yep.
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Good morning, gentlemen. Congratulations, Tom Krasnicki from WDA Radio, the Radio Home of the
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Rays. Thank you. Thanks. You're welcome. So have you gone about the process from a baseball standpoint
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and identifying the roster maybe key pieces, core pieces that you'd like to maybe commit to for
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the long term future? I always want to reiterate. Yeah. Yeah. These guys are prohibiting
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short games. They're short answer exactly. Yeah. Eric just had his press conference last week.
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That's right. We, we support everything he said the press conference. It speaks for itself.
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In Eric and Kevin, we trust. Yes. Yes.
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Hi guys. Congratulations. Rock, Rally, Tampa, free press WDAE. I know you said that, um,
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Atlanta is like the Crown Jewel. That's an open-air stadium. It's a little more humid down here.
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Is there any possibility of a retractable roof with the new stadium that you're going to have built?
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Great. Yeah. No. Great point on Atlanta, sure as park is open air. We envision a fully enclosed
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domed climate controlled non-retractable ballpark. We think this there's a lot of issues and
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maintenance with retractable roof. Most of the owners we've talked to would actually now
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recommend against it. They wish they hadn't done it. So, but we envision a fully enclosed
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which we think becomes a world-class concert venue, you know, 150, 180 events a year.
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We really think this is something that could be much, much greater and more encompassing than just
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a ballpark. One more question. Well, Ken, Patrick, we're out from you, Bill. I want to hear from you
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for a second. You mentioned a lot of your experiences here in Tampa Bay, especially with the gas
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parlable. How has that experience been? What have you kind of noticed about the community here?
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And what will your role be with this ownership group? Yeah, I appreciate that. So it's been wonderful.
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We, you know, Tampa reminds me of kind of a Midwestern town where I'm from. You know,
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the people are warm, wonderful, very prideful of the area of Tampa Bay. And so, you know, for
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our family, it's always felt like home. I think that for my role in this organization, for the
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most part, this is the way I look at it. I think it'll evolve. Ken has his, you know, he's a CEO,
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he's running day to day, running the business operation, everything revolves around him. Patrick,
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you know, being the control person speaks for itself. I think I'm here to be another set of years
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and eyes for both of them. Interact with them. Help them out. You know, we, us three, we really have
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a great open discussion. We're a team. It's not really individuals. We're a team. I think my,
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I'm looking forward to the impact within the organization. As I said earlier, it's a, I have been
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in awe of the people and the quality of the people and their commitment to Tampa Bay and winning.
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So, I'm, I'm looking forward to building those relationships deeper and really adding value
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anywhere I can. I think it'll evolve over time. Thank you all. I know this is short, but thank you
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so much for attending. We're going to do the photo op and then get over to our staff. Thank you all.
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Thank you.
Topics Covered
Tampa Bay Rays ownership
championship caliber team
world-class fan experience
new ballpark development
economic growth in Tampa Bay
community engagement
baseball culture
Tropicana Field renovations
sports and community
Ken Babby CEO
Bill Cosgrove
Eric Neander baseball operations
Kevin Cash manager
mix-use development
2029 opening day