Published: Sun, August 13, 2017
Sport | By Wendy Sparks

Marlins plan to sell to group that includes Jeter

Marlins plan to sell to group that includes Jeter

The Miami Marlins signed an agreement to sell the team to a group featuring former New York Yankees captain Derek Jeter, a person familiar with the deal said Saturday. The group finalized a $1.2 billion purchase agreement with Loria on Friday and submitted it to the Major League Baseball office.

"I've gotten to know him through this process", Samson said.

The Sherman-Jeter group, which also includes former National Basketball Association great Michael Jordan, beat out a contingent led by Miami businessman Jorge Mas. "He's an incredibly interesting, articulate, smart, contemplative individual". 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 reportedly is investing approximately $25 million of his own money.

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Others have pointed out that there is a major difference between being good at playing sports and being good at running a sports team, using the example of Michael Jordan and his ownership of the Charlotte Bobcats/Hornets.

Samson is under contract with the team, but it could still opt to go in a different direction. "I love it here".

Talks between Sherman, Jeter and Loria have been ongoing for months.

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Jeter, Sherman and the rest of the group will inherit a ballclub with plenty of questions and large contracts.

If their bid is approved by baseball's owner's, the Jeter/Sherman ownership group will acquire a team with one of baseball's best power hitters, extremely low attendance numbers despite a garish home run sculpture and a stadium whose financing deal will cost the city of Miami billions of dollars in the future. After winning the World Series in 2004, the Marlins have won zero playoff series since then and have been in the cellar of the National League most of the time. It appears that Jeter and his group will have a chance to work on the roster all off-season long.

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