Derek Jeter, Jeb Bush buying the Miami Marlins

2017/4/25 23:55:49

Miami Herald says Bush will have ultimate control of the franchise, while Jeter will take a more active role.

 


By New York Post Sports Desk, April 25, 2017

Derek Jeter’s always been a winner.

 

The ownership group led by the Yankees legend and former presidential candidate Jeb Bush has won the auction to purchase the Miami Marlins, Bloomberg reported Tuesday.

 

The group has agreed to pay $1.3 billion for the team, according to the Miami Herald, which said Bush will have ultimate control of the franchise, while Jeter will take a more active role.

 

Earlier Tuesday, Forbes reported the Jeter-Bush group was the last one standing and was frantically trying to complete the financing arrangements. The Herald later portrayed the Marlins, being sold by Jeffrey Loria, who has owned the team since 2002, as “very optimistic” the deal would go through — though the transaction could take months to complete.

 

Other bidders for the Marlins, such as investors Tagg Romney (Mitt Romney’s son) and Wayne Rothbaum, recently had dropped out of the running.

 

When the deal is finalized — 75 percent of MLB owners will need to approve of the ownership change — Jeter, 42, moves quickly from his retirement from baseball following the 2014 season to his next primary ambition: owning a team.

 

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http://nypost.com/2017/04/25/derek-je ... buying-the-miami-marlins/

 

Photo courtesy article source

 

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