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Stuart L. Sternberg (born 1959 in New York City, New York) is a Wall Street investor. He is the principal shareholder of the ownership group that owns the Tampa Bay Rays, and has acted as the team's Managing General Partner since November 2005.

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Childhood

The youngest of three children, Sternberg was born and raised in the Canarsie neighborhood of New York's Brooklyn borough to Jewish parents. Sternberg's passion for baseball developed as a child while playing the game in the streets and playgrounds of his neighborhood. One of Sternberg's most cherished memories is of watching Sandy Koufax pitch while attending his first Major League game, with his father, at Shea Stadium in 1965. Sternberg has played in various organized baseball leagues over his lifetime and has coached his two sons' Little League teams for five years.

Career in the financial services industry

Sternberg made a fortune in the financial services industry. In 1978, Sternberg began his professional career trading equity options part-time at the American Stock Exchange while attending St. John's University, where he earned a degree in finance. After college, Sternberg was hired by investment group Spear, Leeds & Kellogg, eventually becoming a partner in the firm before moving to Goldman Sachs, retiring from that company as a partner in 2002. He has served on various committees and advisory boards in the financial securities industry.

Purchasing the Tampa Bay Devil Rays

Sternberg purchased a 48% plurality-share in the previously named Devil Rays (now known as the Tampa Bay Rays) in May 2004 from Vince Naimoli, and took over as Managing General Partner in October 2005. [1] He arranged his bid for controlling interest in the team with fellow Goldman Sachs partner Matthew Silverman, whom he hired as the team's President. He has remained a low key owner, who currently sees his primary goal with the team as getting their finances in order. He resides in Rye, New York with his wife and four children.

As controlling shareholder of the Rays, he also serves in the same capacity for the Florida Tuskers football team.

Sources

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