Group headed by Derek Jeter to buy Miami Marlins

Jeter poised to take the next step

The Miami Marlins finally have a new owner as Jeffrey Loria agreed to sell the team for $1.17 billion to an ownership group.

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 Miami Marlins signed an agreement to sell the team to a group featuring Derek Jeter, a person familiar with the deal said Saturday, Aug. 12, 2017. No word on how much Jordan will be putting in the pot, but regardless of how much he contributes, it's safe to say that the Miami will soon be a Jumpman city. "Forget about Hall of Famer, it's not about that, it's about his ability to run a team and his desire to run a team, and it just came through so clearly what he wanted", Samson said of Jeter. They'll discuss the Marlins next week in Chicago at a meeting but aren't likely to vote on the matter for another few weeks. The owners of the other Major League Baseball franchises will have to meet and approve the agreement, which will not take place for at least a month. "I love it here".

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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. The Jeter-Sherman group beat out two other groups that pursued the team in the final weeks of negotiations. "Great choice", Baltimore Orioles manager Buck Showalter said.

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