MLB

Montreal businessman confident group will become Rays minority shareholder: report

A Montreal group headed by Stephen Bronfman reportedly is close to becoming minority shareholders in the Tampa Bay Rays. "The negotiations are very advanced," he tells Le Journal de Montréal. The Expos left Montreal after the 2004 season for Washington.

Negotiations 'very advanced,' Stephen Bronfman tells Le Journal de Montréal

Montreal businessman Stephen Bronfman says negotiations are 'very advanced' that would lead to his group becoming minority owners of the Tampa Bay Rays. In December, a potential return of Major League Baseball to Montreal was put on hold until at least 2028. (Andrew Vaughan/Canadian Press/File)

reportedly is close to becoming minority shareholders in the Tampa Bay Rays.

"Over the next few months, maybe three or four without a doubt, our group in Montreal will become co-owners of the Tampa team with Stuart Sternberg, the current owner of the Rays," Bronfman said in a story published to the Le Journal de Montréal website on Saturday.

"The negotiations are very advanced. We're going to become minority shareholders, but that doesn't bother us at all. Stuart Sternberg is a straight-up man who's nothing like Jeffrey Loria [former owner of the Expos]."

near a future Réseau express métropolitain (REM) station near the Bonaventure Expressway, north of the Peel Basin. 

"We don't want to create large parking lots because that creates heat islands. We have the opportunity to build a stadium and revamp a part of the city. If it's done well, it will be good for 100 years," Bronfman told CBC News in October.

"The REM service will act like the Metro at the Olympic Stadium. Cars won't be necessary with good planning." 

With files from The Canadian Press