The Rays ownership group announced on Thursday that they wouldn't be pursuing a new ballpark in the area after all, leading to questions about the organization's future. Fans were predictably not happy on social media.

With the apparent collapse of the long-negotiated St. Petersburg deal for the Rays, an Orlando group hoping to bring big-league baseball to the City Beautiful said Friday it has an “anchor investor” to buy the team, and property secured to build a stadium.

Tampa Bay Rays owner Stuart Sternberg said the team will not meet the deadline to move forward on a new stadium. Here's what it means for the team's future.