Jeffrey Loria Agrees To Sell Marlins To Derek Jeter, Bruce Sherman Group

Lynette Rowe
August 13, 2017

An investment group led by a NY businessman and Players Tribune editor-in-chief Derek Jeter has made the winning bid to buy the Miami Marlins, according to multiple reports. Jeter is expected to have a title such as CEO or team president and have active involvement, though his relatively low personal investment - $25M according to sources - would not qualify him to be designated as the control person by Major League Baseball.

If reports are correct, "The Captain" is going to get his shot to show off what he learned from "The Boss", who was always a domineering presence in the Yankees organization. Bush. Jeb! and Jeter were originally in on an effort to buy the team together, but that attempt fell apart in a power struggle when Jeb! realized that Jeter wanted to run the business and baseball sides of the franchise.

Jeter has not been shy about his desire to own a baseball team. If that was not problematic enough, the Marlins have ranked bottom in attendance for 11 of the last 12 seasons despite playing in a major American city.

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Loria acquired the Marlins in 2002 from John Henry for just $158 million.

It isn't clear what role Mas, the chairman of Mas-Tec, would play, but there's word he could invest up to around $300M, so it could be a fairly significant one. Furthermore, other ownership groups attempted to purchase the Marlins earlier, only for the agreement to fall through for various reasons.

Loria announced in March his intention to sell the team.

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