Friday, May 7, 2021

Derek Jeter, Jeb Bush Win Auction for Miami Marlins at $1.3 Billion

Former MLB player and amateur golfer, Derek Jeter prepares to tee off on the seventh hole during the pro-am ahead of the Hero World Challenge at Albany, The Bahamas on November 30, 2016 in Nassau, Bahamas.
Former MLB player and amateur golfer, Derek Jeter prepares to tee off on the seventh hole during the pro-am ahead of the Hero World Challenge at Albany, The Bahamas on November 30, 2016 in Nassau, Bahamas.

*Derek Jeter has just inched closer to his ultimate post-retirement dream of owning a Major League Baseball team.

The former New York Yankees star and former Florida Gov. Jeb Bush lead a group who just won an auction for the Miami Marlins, currently owned by Jeffrey Loria, Bloomberg reported Tuesday afternoon.

The agreement in principle is for $1.3 billion, according to the Miami Herald. Current owner Jeffrey Loria purchased the Marlins for $158 million in 2002.

But the group, which reportedly has more than five investors with Bush as the “control person,” still needs at least 75% of MLB owners to approve the decision for it to become official.

Other bidders included Solamere Capital co-founder Tagg Romney — a group that included Hall of Famer Tom Glavine — and Quogue Capital LLC founder Wayne Rothbaum, according to Bloomberg.

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