Marlins sign agreement to sell to Jeter group


Jeter has not been shy about his desire to own a baseball team.

The Miami Herald is now reporting that an agreement has been struck with Jeffrey Loria to sell the club to a group headed by Jeter and business partner Bruce Sherman. That said, Major League Baseball loves the involvement of Jeter, who has an unbelievable record of winning and pristine reputation.

Jeter, who made $266 million in salaries on the field, is believed to be contributing $25 million to the purchase of the Marlins.

The Marlins are not contending for a playoff spot now, but could be a playoff team next season with the right additions. 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.

Loria acquired the Marlins in 2002 from John Henry for just $158 million.

It isn't clear what role Mas, the chairman of Mas-Tec, would play, but there's word he could invest up to around $300M, so it could be a fairly significant one.

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"Sherman, a wealthy venture capitalist who has a home in NY and is building a home in South Florida, will be the 'control person, ' similar to a managing general partner", Jackson wrote.

However, it may be too early for Miami fans to celebrate just yet.

Derek Jeter and Micheal Jordan will always have mad love for the game of baseball.

But it does appear that the sale is much more likely to happen than it is not.

Loria's decision to sell the team became public in February, and Jeter's interest emerged in April.