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

Jeter poised to take the next step

Earlier this week, it was reported that former New York Yankees great Derek Jeter is helping lead an ownership group that has reportedly agreed to purchase the Miami Marlins for $1.2 billion.

The Sherman/Jeter group was competing with a group led by Miami businessman Jorge Mas Santos to land the Fish in the final round of bidding after a group led by investment fund founder Wayne Rothbaum and former Florida Gov. Jeb Bush dropped out of the running. Although one hasn't played in decades and the other recently retired, both appear to be coming back to the diamond, this time as part-MBL franchise owners.

The Miami Herald first reported on the agreement between the Sherman-Jeter group and Loria. That would be the second highest price in Major League Baseball history, but a distant second to the 2-billion paid for the Los Angeles Dodgers five years ago.

One potentially troubling development: sources inside the Jeter group say the distinctive Red Grooms sculpture in left field (shown above) could be gone come 2018. That said, Jordan is believed to be putting in no more than a few million to the effort to buy the Marlins with the major objective of the move is to use his name above all else.

According to the Post, Jeter's interest in being a team executive is fueled by a desire to one day buy a franchise on his own, much like how Jordan was a Washington Wizards executive and then eventually bought the Charlotte Bobcats.

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