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


Jeter's team reportedly consists of about 16 investors with varying stakes in the team, with the largest investment coming from NY businessman and venture capitalist Bruce Sherman.

Miami Marlins owner Jeffrey Loria has agreed to sell the team to a group of investors, which include the former New York Yankees shortstop, The Miami Herald's Barry Jackson reported Friday, citing a Major League Baseball source. But Jeter likely will be the face of the franchise and will run the baseball and business operations.

"I've gotten to know him through this process", Samson said.

The deal which had been reported on Friday, is worth $1.2 billion and it includes a number of investors along with Jeter.

Sherman spent much of his financial career in NY and has a home in Naples, Florida. I would love to stay here.

That's why Jeter needs a team to pull it off.

Talks between Sherman, Jeter and Loria have been ongoing for months.

Jeter, Sherman and the rest of the group will inherit a ballclub with plenty of questions and large contracts.

"So Jeter's going to run the Marlins, huh?" Loria bought the Marlins in 2002 for $158.5 million. The Marlins haven't been to the postseason since 2003, and ranked last in the National League in attendance 11 of the past 12 years.

"I think time will show that through thick or thin, his commitment to Miami never wavered", Samson said.