Marlins confirm sale agreement with Derek Jeter group

Doug Mendoza
August 13, 2017

Venture capitalist Bruce Sherman is the group's main investor and he'll play a similar role to a managing partner, according to Jackson. Several groups were interested, but the Jeter-Sherman team beat out two other rivals in the final weeks of negotiations.

Miami Marlins owner Jeffrey Loria has reached an agreement to sell the team to a group headed by former Yankees shortstop and Kalamazoo native Derek Jeter for $1.2 billion. National Basketball Association legend Michael Jordan also is among the 16 investors in the group.

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. He has no experience working in the front office of any club. Quogue Capital founder Wayne Rothbaum, who led a third group that included former Florida Gov. Jeb Bush, dropped out of the bidding earlier this week.

Jordan, who will be just a minority owner, joined the original bid of Jeter's.

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Jorge Mas will not be part of the Jeter group, Samson also confirmed on Saturday. The Hornets are now said to be worth over $780 million.

But for most Marlins fans, just punting Loria out the door is a victory in and of itself.

Miami won the 2003 World Series but has not returned to the postseason since. And while the Marlins have struggled and are losing money, Loria was still able to sell them for the second largest amount ever paid for a Major League Baseball franchise.

Other reports by GizPress

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