Sport

Derek Jeter-Led Investors Group Purchases The Miami Marlins

Derek Jeter-Led Investors Group Purchases The Miami Marlins

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.

The person confirmed the Friday night signing to The Associated Press on condition of anonymity because the Marlins have not confirmed the agreement.

Jeter will run the baseball and business operations departments. That vote is expected to take place in September and the deal could be finalized in October.

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

Derek Jeter and Micheal Jordan will always have mad love for the game of baseball.

Major League Baseball owners will discuss the deal at their meeting next week in Chicago.




At least 75 percent of the major league clubs must approve the sale by Jeffrey Loria, who has owned the team since 2002.

"I learned a lot from [Steinbrenner] on how to run an organization", said Jeter.

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

"It is a process that has had a lot of twists and turns", said Samson, speaking in the Marlins' dugout during batting practice before their game against Colorado. "Great choice", Baltimore Orioles manager Buck Showalter said.

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 it was hard to say that about previous owners".