Bush-Rothbaum group halts bid for Marlins

Retired New York Yankees shortstop Derek Jeter is poised to be a part-owner of the Miami Marlins

Among Marlins fans, however, social media users were mostly jubiliant, predicting Jeter's pedigree will help the Marlins attract and retain talent and potentially even lead to a World Series title, which would be the first for the team since 2003, when the Marlins beat the Yankees - and Jeter.

Derek Jeter is about to become a co-owner of the Miami Marlins.

Derek Jeter and his group of investors have come to an agreement with Jeffrey Loria to buy the Miami Marlins for $US1.2 billion, according to a report from Barry Jackson of the Miami Herald.

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An MLB source says the league is expecting to receive the paperwork on Friday indicating a deal has been agreed. The investment group is said to have around 14 other investors, including Michael Jordan, the Herald reports.

Though there have been many twists and turns in one of the most unpredictable sales in baseball, the Jeter group that is financed strongly now by Bruce Sherman is said by sources to be on the cusp of finalizing the agreement.

Sherman, who is putting in the bulk of the money, and as FanRag reported Thursday, recently upped his bid, would be the official control person if the deal goes through.

Jeter is believed to be contributing only $25 million of his own money but has a great relationship with Sherman, who will allow Jeter to essentially run the organization. Loria bought the Marlins for $158.5 million in 2002 from John Henry.

There better be a "Yeah Jeets" T-Shirt giveaway at some point in their inaugural season or the team will be mired in mediocrity forever.

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