He is the principal shareholder of the ownership group that owns the Tampa Bay Rays and acts as the team's Managing General Partner since November 2005.
One of Sternberg's most cherished memories is when he saw Sandy Koufax pitch while attending his first Major League game with his father at Shea Stadium in 1965.
[7] In 1978, Sternberg began his professional career trading equity options part-time at the American Stock Exchange while attending St. John's University earning a degree in finance.
After college Sternberg was hired by investment group Spear, Leeds & Kellogg, and he eventually became a partner in the firm before he moved to Goldman Sachs.
Remarkably, since 2019, the Rays have qualified for the playoffs every season despite the fact that they play in the same East Division as the Boston Red Sox and New York Yankees, who perennially have the highest player payrolls in the major league.
[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 to Montreal, which has not had an MLB franchise since the Montreal Expos moved to Washington, D.C. in 2005 to become the Washington Nationals.