Report: Derek Jeter Teaming Up with Jeb Bush to Buy the Miami Marlins
Yankees demigod Derek Jeter is part of a group of investors that has reached an agreement to buy the Miami Marlins, according to multiple reports.
The group is led by former Florida governor and failed presidential candidate Jeb Bush. According to the Miami Herald and Bloomberg, Marlins owner Jeffrey Loria, one of the worst owners in pro sports, reached an agreement with the group after they won a bidding war over several other interested parties. It’s believed they submitted a winning bid of $1.3 billion.
Seriously. One and a third billion dollars for the Marlins. Not the Cardinals. Not the Astros. Not a good team. The Marlins.
Of course, the sale is not a done deal. At this point it’s still unclear whether Jeets and Jeb actually have $1.3 billion. Forbes reported on Tuesday that the so-called “bid” was not a formal one. Meanwhile, two sources familiar with the situation told ESPN’s Darren Rovell that “financing is far from complete” and the deal could easily fall apart.
MLB commish Rob Manfred insists that no bid has been accepted. But he might just mean that no bid has been formally accepted. It’s possible that the Jeter group has an informal tentative agreement with Loria.
Jeter of course grew up in Florida and would bring a lot of cultural cachet to an otherwise pathetic franchise. If you’re a Marlins fan, you have to be praying that he and Jeb can get their financial acts together and seal the deal.
Hat Tip – [ESPN]