Derek Jeter, Jeb Bush group reportedly agrees to buy Marlins for $1.3 billion
A group led by former Florida governor Jeb Bush and future Hall of Famer Derek Jeter has agreed to purchase the Miami Marlins for $1.3 billion, according to the Miami Herald.
The Marlins have been available for purchase, with a report in February saying Jeffrey Loria had an agreement to sell the team for $1.6 billion. That deal apparently fell through, as did one involving the family of President Donald Trump’s son-in-law.
This deal is not finalized as MLB still has to approve the purchase and many details need to be worked out, per the Herald’s report.
The ownership group includes at least five investors, with Bush set to be the “control person” for the group. Jeter, who has long expressed his desire to own a team after he retired, would bring a credible name and face to the organization.
The Herald cites many reasons behind Loria’s decision to sell the team, including estate planning; sadness over the death of Jose Fernandez; disappointment with the team’s losing; and criticism from fans over the team’s lack of success.
