Published: Sun, August 13, 2017
Sport | By Gary Shelton

Marlins plan to sell to group that includes Jeter

Marlins plan to sell to group that includes Jeter

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 Marlins' plans to The Associated Press on condition of anonymity Friday because the team had not commented publicly. The Marlins anticipate major league owners will approve the deal at a September meeting, and closing will take place in early October, shortly after the end of the regular season, Samson said Saturday. However, Sherman will be designated as the control person. Sherman has spent much of his financial career in NY and has also lived in Naples, Florida. Loria is becoming more and more unpopular by the day in South Florida after the team moved into its new stadium that was largely financed by the public and fielded players with payrolls amongst the lowest in baseball.

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"I learned a lot from [Steinbrenner] on how to run an organization", said Jeter. "If Bruce Sherman and Derek Jeter would like me to serve, then it's something I would certainly talk about".

Jeter, Sherman and the rest of the group will inherit a ballclub with plenty of questions and large contracts. They'v all come together to purchase the team from current owner Jeffrey Loria for approximately $1.2 billion dollars. The Marlins haven't been to the postseason since 2003, and ranked last in the National League in attendance 11 of the past 12 years.

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