Monday, 21 August, 2017

Marlins confirm $1.2 billion deal to sell to Jeter group

Jeter poised to take the next step Derek Jeter-Led Investors Group Purchases The Miami Marlins
Kristopher Love | 13 August, 2017, 01:43

MIAMI (AP) - Miami Marlins president David Samson says a signed $1.2 billion agreement has been submitted to Major League Baseball to sell the franchise to a group that includes former New York Yankees captain Derek Jeter, and the team expects to close on the deal in early October.

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.

The person confirmed the Marlins' plans to The Associated Press on condition of anonymity Friday because the team had not commented publicly. Jeter is now living in Tampa and for many years has talked about owning his own franchise. Sherman has spent much of his financial career in NY and has also lived in Naples, Florida. That said, Major League Baseball loves the involvement of Jeter, who has an unbelievable record of winning and pristine reputation. "[Jeter] has a great relationship with Sherman, who will allow Jeter to essentially run the organization".

Sherman is going to be the managing general partner of the team, according to the Herald, while Jeter, who put in about $25 million, will focus on the player development and business sides of the team.

"We feel really good".

Many around baseball predicted success for the new regime.

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".