Derek Jeter's Group Buying Marlins For $1.2 Billion

The new Miami Marlins logo is seen over their dugout during an intrasquad spring training baseball game Sunday

The Miami Marlins finally have a new owner as Jeffrey Loria agreed to sell the team for $1.17 billion to an ownership group.

"I learned a lot from [Steinbrenner] on how to run an organization", said 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. "He's an incredibly interesting, articulate, smart, contemplative individual".

In addition to Sherman and Jeter, NBA Hall of Famer Michael Jordan has reportedly invested in the team. Can Jeter really compete with the analysts, businessmen, and technocrats who run most Major League Baseball teams today?

According to the Post, Jeter's interest in being a team executive is fueled by a desire to one day buy a franchise on his own, much like how Jordan was a Washington Wizards executive and then eventually bought the Charlotte Bobcats. The deal will still have to approved by three-quarters of baseball's owners.

"I have been here since 2002", Samson said.

There have been reports for months that Derek Jeter had been assembling a team to purchase the Miami Marlins. That vote is expected to take place in September and the deal could be finalized in October. 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.



Other news