Yes, the article from my first post has a link to Forbes, among other sources.
Could Sternberg invest more? MLB teams never open up their books—I wonder why—but Sternberg owns a team whose value has risen to something like $1 billion, after he bought in at a valuation well less than half that. (Forbes reports his group bought in for $200 million, and that initial stake was 48 percent. Quick-and-dirty math says the Rays were worth around $400 million at the time, before Sternberg upped his stake.) But I don’t have to speculate, because Sternberg told a bunch of reporters in 2019 that he had $50 million more to spend and wouldn’t. You don’t have to doubt that the Rays make less money than most MLB teams to figure that Sternberg could bolster his roster with more established talent if he wanted. On the one hand, the Rays don’t need such a boost, because they’re a defending pennant winner that just won 100 games. On the other hand, they could use it. Maybe a few more bucks would have pushed the Rays over the hump in either the 2008 or ’20 World Series. We’ll never know. After last year’s loss to the Los Angeles Dodgers, Sternberg criticized his cheap roster, saying it was “hard to find” many Rays who’d have been good enough to start for Tampa Bay’s playoff opponents. That was ridiculous, but if he felt that way, maybe he could’ve paid for even more good players.
So, you know, small market team and all, but the owner's making out okay. Wonder why he's asking for government handouts?