- Thread starter
- #1
Loria agrees to sell Miami Marlins to Sherman and Jeter, source says
"Miami Marlins owner Jeffrey Loria has agreed to sell the franchise for $1.2 billion to a group led by New York businessman Bruce Sherman and former New York Yankees star Derek Jeter, according to a New York based MLB source.
The Marlins and the Sherman/Jeter group finalized their purchase agreement on Friday night and it was forwarded to Major League Baseball, sources said. The deal ultimately must be approved by three-quarters of MLB's 30 owners.
Sherman, 69, a wealthy venture capitalist who has a home in New York and is building a home in South Florida, will be the “control person,” similar to a managing general partner."
"Miami Marlins owner Jeffrey Loria has agreed to sell the franchise for $1.2 billion to a group led by New York businessman Bruce Sherman and former New York Yankees star Derek Jeter, according to a New York based MLB source.
The Marlins and the Sherman/Jeter group finalized their purchase agreement on Friday night and it was forwarded to Major League Baseball, sources said. The deal ultimately must be approved by three-quarters of MLB's 30 owners.
Sherman, 69, a wealthy venture capitalist who has a home in New York and is building a home in South Florida, will be the “control person,” similar to a managing general partner."