Stuart L. Sternberg | |
|---|---|
| Born | (1959-08-08)August 8, 1959 (age 65) Brooklyn, New York, U.S. |
| Nationality | American |
| Alma mater | St. John's University (B.A.) |
| Occupation | Investor |
| Known for | Owner of theTampa Bay Rays |
| Spouse | Lisa Kampfmann Sternberg |
| Children | 4 |
| Parent(s) | Beverly Tartell Sternberg Samuel Sternberg |
Stuart L. Sternberg (born August 8, 1959) is an AmericanWall Street investor. He is the principal shareholder of the ownership group that owns theTampa Bay Rays and acts as the team's Managing General Partner since November 2005.
The youngest of three children, Sternberg was born on August 8, 1959,[1][2] and raised in aJewish family[3] onAvenue M in theCanarsie neighborhood of New York'sBrooklyn borough[4] He is the son of Beverly (née Tartell) and Samuel Sternberg and his parents owned a pillow shop onFlatbush Avenue.[5][6] His passion for baseball developed in his childhood while playing the game in the streets and playgrounds of his neighborhood. One of Sternberg's most cherished memories is when he sawSandy Koufax pitch while attending his first Major League game with his father atShea Stadium in 1965. Sternberg has played in various organized baseball leagues over his lifetime and coached his two sons'Little League teams for five years. He attendedyeshiva through third grade, wearing akippah every day and went toCanarsie High School.[7]
In 1978, Sternberg began his professional career trading equity options part-time at theAmerican Stock Exchange while attendingSt. John's University earning a degree in finance. After college Sternberg was hired by investment groupSpear, Leeds & Kellogg, and he eventually became a partner in the firm before he moved toGoldman Sachs. In 2002 he retired from the company as a partner. He has served on several committees and advisory boards in the financial securities industry.
Sternberg purchased a 48% plurality-share in the previously named Devil Rays (now known as the Tampa Bay Rays) in May 2004 fromVince Naimoli and took over operations becoming a managing general partner in October 2005.[8] He structured his bid for controlling interest in the team with fellow Goldman Sachs partnerMatthew Silverman whom he hired as the team's president.
Remarkably, between 2019 and 2023, the Rays qualified for the playoffs every season despite the fact that they play in the same East Division as theBoston Red Sox andNew York Yankees, who perennially have amongst the highest player payrolls in the major leagues. Yet attendance for home games atTropicana Field in St. Petersburg has been among the lowest in the big leagues over the years. In a June 2011Tampa Tribune interview, Sternberg remarked, "I know we can't sustain ourselves like this. It hasn't gotten better. If anything, it's worse. To run a payroll like we do now, basically the second-lowest in baseball, and barely keep our nose above water, we can't sustain that. Baseball is just not going to stand for it anymore. And they'll find a place for me. They won't find a place here though."[9] He reiterated his stance and raised the specter of relocation after the Rays were eliminated from the playoffs that season.[10] However he has stated several times that he is staying with the team and they are not moving anywhere within the coming years.[citation needed]
In October 2014, it was reported that Sternberg frustrated with efforts to build a new stadium in the Tampa Bay area, had discussions with Wall Street associates about moving the Rays toMontreal, which has not had an MLB franchise since theMontreal Expos moved to Washington, D.C. in 2005 to become theWashington Nationals.[11][12]
In March 2025, the Tampa Bay Rays announced the organization would be pulling out of its deal to build a stadium in St. Petersburg, resulting in pressure from local officials and fans for Sternberg to sell the team.
Sternberg currently resides inRye, New York[13] with his wife, Lisa, and four children, Sanford, Jake, Natalie, and Ella.[6]
Ruttman, Larry (2013). "Stuart Sternberg: From Canarsie to Tampa Bay by Way of Wall Street".American Jews and America's Game: Voices of a Growing Legacy in Baseball. Lincoln, Nebraska and London, England: University of Nebraska Press. pp. 439–448.ISBN 978-0-8032-6475-5. This chapter in Ruttman's oral history, based on an April 20, 2009 interview with Sternberg conducted for the book, discusses Sternberg's American, Jewish, baseball, and life experiences from youth to the present.