Sports

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

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

Jeter and Jordan (along with NY businessman Bill Sherman) are a part of the 16 investors looking to purchase MLB's Miami Marlins. The agreement was signed Friday night, according to Marlins president David Samson.

Jeter would a limited partner in the group led by venture capitalist Bruce Sherman.

Sherman, who will be the controlling owner, spent much of his financial career in NY and has a home in Naples, Florida. Jeter is expected to have a title such as CEO or team president and have active involvement, though his relatively low personal investment - $25M according to sources - would not qualify him to be designated as the control person by Major League Baseball. The deal will still have to approved by three-quarters of baseball's owners.

At least 75 percent of the major league clubs must approve the sale.

"I learned a lot from [Steinbrenner] on how to run an organization", said Jeter.

Sherman spent much of his financial career in NY and has a home in Naples, Florida.

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

Philippe Coutinho is staying at Liverpool
Some had clauses, some had no clauses; we had the Lewandowski thing and that was hard when he went to Bayern on a free transfer. The Catalan club has repeatedly made hefty bids for the 25-year-old, with the latest bid being reported at £90.5 million.

Loria announced in March his intention to sell the team. The Jeter-Sherman group beat out two other groups that pursued the team in the final weeks of negotiations.

"We feel really good".

The Marlins were sold for $1.2 billion by owner Jeffrey Loria.

Loria, 76, has always been criticized for his frugal ways and for the public financing that helped build 5-year-old Marlins Park.

Miami won the 2003 World Series but has not returned to the postseason since.

But for most Marlins fans, just punting Loria out the door is a victory in and of itself.


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