Owner agrees to sell Marlins to Jeter and Jordan group

Owner agrees to sell Marlins to Jeter and Jordan group

Owner agrees to sell Marlins to Jeter and Jordan group

The Miami Herald is reporting owner Jeffrey Loria has agreed to a deal in principle to sell the franchise to Jeter and NY businessman Bruce Sherman for $1.2 billion.

Jeffrey Loria will sell the Marlins to a group led by Jeter and NY businessman Bruce Sherman, the Miami Herald reported, for $1.2 billion.

As things stand Jeter is expected to "run the business and baseball operations" side of things, and there are a total of 16 investors in this group of buyers. Jeter will contribute about $25 million to the purchase, but he is close with Sherman, thus granting him vast power once the sale is completed. Jeter is reportedly investing about $25 million of his own money in the venture.

Jeter's group felt they were in a good position to land the deal after a group including former presidential candidate Jeb Bush dropped out on Thursday, and now it looks like they have outlasted the only remaining bidder, billionaire businessman Jorge Mas to win the bid. Major League Baseball owners must still vote to approve the sale. The sale is expect to close the first week of October, according to Jackson.

Philippe Coutinho going nowhere - Liverpool
The Reds said earlier that the player is not for sale and will remain at the club when the summer transfer window closes. He added: "I don't think he [Klopp] has made enough signings to challenge in the big two competitions next season".

Miami Marlins fans may finally be rid of one of the worst owners in baseball history.

Marlins president David Samson on Friday declined to comment about where the sales process stood.

The Marlins are expected to lose more than $60 million this season, according to a source who has seen their books, in part because their revenues are among the lowest in Major League Baseball and in part because their $115 million payroll is the largest in franchise history. He won five World Series championship, was the 1996 rookie of the year and was a 14-time All-Star and five-time Gold Glove victor.

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