- Dec 4, 2009
http://nypost.com/2017/07/10/jeters-group-closing-in-on-1-2b-marlins-deal/Derek Jeter’s group has bid $1.2 billion for the Miami Marlins and appeared on Monday night to be closing in on a deal, The Post has learned.
While the situation was extremely fluid, Jeter’s group, which includes deep-pocketed Naples, Fla., money manager Bruce Sherman, is now seen as the leading contender to buy the money-losing franchise from New York art dealer Jeffrey Loria, sources close to the talks said.
No sales agreement has yet been presented to MLB for approval, a source said.
Interestingly, NBA great Michael Jordan is among a group of about 15 investors in the Jeter camp, sources said — although the ex-hoopster is said to be kicking in very little cash.
Jeter sees Jordan as a role model in how to become a successful sports executive, a source who knows Jeter said.
Meanwhile, Miami billionaire Jorge Mas is putting the finishing touches on his bid — said to be roughly $1.17 billion, sources said.
No bidder has hit Loria’s $1.3 billion asking price, and it now appears he is willing to accept a slightly lower price.