Group headed by Derek Jeter to buy Miami Marlins

Rockies Marlins Baseball

Group headed by Derek Jeter to buy Miami Marlins

The Miami Herald is now reporting that an agreement has been struck with Jeffrey Loria to sell the club to a group headed by Jeter and business partner Bruce Sherman. 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.

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. A third group which, included former Governor of Florida Jeb Bush and was led by Wayne Rothbaum dropped out earlier in the week.

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Jeter has not been shy about his desire to own a baseball team.

Jeter, who made $266 million in salaries on the field, is believed to be contributing $25 million to the purchase of the Marlins. The Marlins owner acquired a reputation as a cheapskate who was more obsessed with making a profit than fielding a winning baseball team.

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Heyman reports that Mas could invest up to $300 million, giving him a significant share within the franchise. Although one hasn't played in decades and the other recently retired, both appear to be coming back to the diamond, this time as part-MBL franchise owners. Loria is becoming more and more unpopular by the day in South Florida after the team moved into its new stadium that was largely financed by the public and fielded players with payrolls amongst the lowest in baseball.

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