Jeffrey Loria Agrees To Sell Marlins To Derek Jeter, Bruce Sherman Group

Jeffrey Loria Agrees To Sell Marlins To Derek Jeter, Bruce Sherman Group

Jeffrey Loria Agrees To Sell Marlins To Derek Jeter, Bruce Sherman Group

The Miami Herald ran a story first about the agreement between the group that is headed by Bruce Sherman, a venture capitalist in NY and Loria.

In a 2014 interview with Jack Curry of the Yes Network, Jeter called owning a team "the next ultimate goal", and that he wanted to be the guy "that calls the shots".

The Miami Herald is now reporting that an agreement has been struck with Jeffrey Loria to sell the club to a group headed by Jeter and business partner Bruce Sherman. Jeter is investing $25 million of his own money and will run the baseball side of the operation.

If reports are correct, "The Captain" is going to get his shot to show off what he learned from "The Boss", who was always a domineering presence in the Yankees organization.

Jordan, who will be just a minority owner, joined the original bid of Jeter's. A third group which, included former Governor of Florida Jeb Bush and was led by Wayne Rothbaum dropped out earlier in the week. The Marlins have not reached the playoffs since.

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That's why Jeter needs a team to pull it off.

Loria acquired the Marlins in 2002 from John Henry for just $158 million.

Specifically, Jeter said he would like to be an owner like the late George Steinbrenner, whom Jeter played under for 16 seasons.

But it does appear that the sale is much more likely to happen than it is not.

Loria announced in March his intention to sell the team. The Marlins have a new stadium, are in a potentially valuable market, and there are far more rich individuals who want to buy a sports team than there are available teams.

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