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[GK86]

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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, and Major League Baseball is expected to receive the written agreement on Friday, according to a New York based MLB source.

The Sherman/Jeter group has about 16 investors and they have raised the money to purchase the team after months of seeking investors to meet Loria’s asking price, the source said.

Among the other investors: former NBA star Michael Jordan, who’s a friend of Jeter.

A purchase agreement with the Sherman/Jeter group, which has been worked on for months, is expected to be completed on Friday and submitted to MLB offices in New York.

Jeter is believed to be contributing only $25 million of his own money but has a great relationship with Sherman, who will allow Jeter to essentially run the organization.

MLB officials are expected to discuss the sale, but not vote on it, in owners meetings in Chicago next week. Sherman and possibly Jeter are expected to meet with the ownership committee prior for a full vote of owners, which is the final required step for the sale’s completion.

The vote could be weeks away, with closing expected the first week of October.

 

[hitme]

First thing Jeter's going to do is trade Stanton to the Yankees.

 

[KHarvey16]

I haven't been following this closely but I have to assume this group will be an improvement over Loria.

 

[Sanjuro]

First thing Jeter's going to do is trade Stanton to the Yankees.

I'd re2pect that.

 

[GoldenEye 007]

I remember the Marlins having a great farm system that contributed to their successes in 1997 and 2003. Then ownership steps in and destroys the team. Then of course you have the stadium situation that bilked the hell out of Miami - although Miami has a long history of shady business dealings.

Hopefully this group runs the organization like an actual competitive franchise.

 

[BFIB]

Jeter needs to send gift baskets to this fanbase.

 

[Mudcrab]

Monday's Dan LeBatard show is going to to be awesome. DAAAAAAAAAAAAAN

 

[Sanjuro]

Jeter needs to send gift baskets to this fanbase.

They already have strippers in the art museum ffs.

 

[DogDude]

What happened to the Romney vs Bush rivalry. Did Jeter stab them both in the back?

 

[TheCochese]

Jeter found a mark to let him contribute jack shit and have maximum say.

 

[Kusagari]

When's the parade happening?

 

[Inyourprime]

First thing Jeter's going to do is trade Stanton to the Yankees.

*shrug*

Maybe he still held a grudge for that 03 championship.

Monday's Dan LeBatard show is going to to be awesome. DAAAAAAAAAAAAAN

Rash em.

 

[VendettaRed07]

But Jeb wanted to do cool stuff too

 

[Fox318]

Jeter will move the team to Montreal

 

[TheUntamedLegend]

First thing Jeter's going to do is trade Stanton to the Yankees.

What about Jeter makes you think he would do that?

 

[The Bookerman]

Good, loria is a piece of s#!*

 

[ryutaro's mama]

Saw the title and was instantly proud of Richard Sherman.

Now I am sad.

 

[Angry Grimace]

First thing Jeter's going to do is trade Stanton to the Yankees.

Jeter probably is like 10% of the group and just happens to be the most famous.

 

[Ninja Scooter]

Jeter probably is like 10% of the group and just happens to be the most famous.

Jeter is going to be running the team according to the article.

 

[Angry Grimace]

Jeter is going to be running the team according to the article.

I'll believe that when I see it.

 

[Quadratic]

Jeter will move the team to Montreal

Honestly, I would love for that to happen. But I think the Marlins are staying put in South Florida.

 

[TheMan]

Hold up...they're called the Miami Marlins instead of the Florida Marlins? Well I'll be darned.

 

[evil solrac v3.0]

Jeter probably is like 10% of the group and just happens to be the most famous.

he'll be the front office face now.

 

[Nomadic Sparks]

HELL YEAH

Dan Lebatard gettin lit tonite (more then usual)

 

[GitarooMan]

Jeter probably is like 10% of the group and just happens to be the most famous.

Sounds like he's going to put like 2% of the money in but he'll get to run the team to start. Hopefully he doesn't take any team management tips from Jordan.

 

[Angry Grimace]

Sounds like he's going to put like 2% of the money in but he'll get to run the team to start. Hopefully he doesn't take any team management tips from Jordan.

See that sounds like such a little amount of skin in the game I would be shocked if he legit gets full team control.

 

[KHarvey16]

I'll believe that when I see it.

He's always been thought of as someone who would some day.

 

[Randolph Freelander]

Michael "Senor Crappy" Jordan is part of the ownership group, too.

 

[Parch]

Can Loria just go away now? Please? He's ripped off enough cities already. He got his big payday so just piss off forever.

Best of luck to the Jeter group. Hope he has some fun being owner.

 

[Szu]

Jeter probably is like 10% of the group and just happens to be the most famous.

What?

 

[elrechazado]

Amazing Jeter found a rich fanboy to give him full control.

 

[GoldenEye 007]

Honestly, I would love for that to happen. But I think the Marlins are staying put in South Florida.

Yeah, Marlins aren't going anywhere anytime soon with that stadium. I think it would also be unfair to blame fans for lack of support given how the team has historically been managed.

 

[IrishNinja]

Good, loria is a piece of s#!*

amen, please fuck off somewhere & never come back loria

Honestly, I would love for that to happen. But I think the Marlins are staying put in South Florida.

what? fuckouttahere

 

[Quadratic]

Without thinking about realignment, where could the Marlins realistically be moved to?

Las Vegas?
Portland?
Phoenix?
Charlotte?
Indianapolis?
Off the top of my head I can't think of a good landing spot besides Las Vegas, + a new stadium that needs to be built there.

 

[LegitMcfalls]

Without thinking about realignment, where could the Marlins realistically be moved to?

Las Vegas?
Portland?
Phoenix?
Charlotte?
Indianapolis?
Off the top of my head I can't think of a good landing spot besides Las Vegas, + a new stadium that needs to be built there.

Montreal

 

[GoldenEye 007]

Montreal

Move the Nationals back instead.

 

[Quadratic]

I'm curious why people are saying Montreal.

Doesn't Jeter live in Florida? And the majority owner is super wealthy New Yorker who probably has a ton of property in Florida. If they actually turn around and run the franchise properly wouldn't the fans in Miami want the team to stay?

I see this as a fresh start for the team like how the Clippers turned around when Balmer bought the team from Sterling.

 

[Mr. Enigma]

I haven't been following this closely but I have to assume this group will be an improvement over Loria.

Letting random ass fans run the team would be an improvement over Jeffrey Loria.

 

[Vanillalite]

Monday's Dan LeBatard show is going to to be awesome. DAAAAAAAAAAAAAN

Rash em.

.

 

[XGRaViSmOrSX]

Sweet. Yankees can rebuild with Marlins players now. Thanks Jeets!

 

[Vanillalite]

Without thinking about realignment, where could the Marlins realistically be moved to?

Las Vegas?
Portland?
Phoenix?
Charlotte?
Indianapolis?
Off the top of my head I can't think of a good landing spot besides Las Vegas, + a new stadium that needs to be built there.

None of those cities are remotely as big as Miami.

It's not like we are talking about moving a team from say Sactown. It's Miami. It's a massive market.

 

[sangreal]

Anything to get Loria out of the sport

See that sounds like such a little amount of skin in the game I would be shocked if he legit gets full team control.

it worked for nolan ryan

well, worked might be a strong word since he couldn't afford it, lost most of his stake and ultimately left with a loss. but he did get to control the team for a few years

 

[GK86]

None of those cities are remotely as big as Miami.

It's not like we are talking about moving a team from say Sactown. It's Miami. It's a massive market.

Plus Miami has a large Latino population.

 

[Ninja Scooter]

Without thinking about realignment, where could the Marlins realistically be moved to?

Las Vegas?
Portland?
Phoenix?
Charlotte?
Indianapolis?
Off the top of my head I can't think of a good landing spot besides Las Vegas, + a new stadium that needs to be built there.

Because what people want to do in the Las Vegas summer is sit out side watching baseball.

Miami is a fine market. It will be interesting to see what happens to stuff like fan interest and attendance now that the Loria stink is no longer there, but increasingly what is more important (and especially for baseball) is, what kind of TV market is it, and what kind of TV deal can they get. That's where these teams are getting their revenue nowadays.

 

[jwhit28]

Having Jeter as an owner will only get the team so much more attention. Even with MJ running the Hornets, the team being playoff contenders recently, and Kemba making the all-star game you can still count the number of nationally televised Hornets games a season on 1 hand.

 

[HarryDemeanor]

Miami is a fine city for a baseball team. They just need to put a competitive product on the field and have owners worth a damn. The people will come.

 

[Zee-Row]

I wanted Jeter to buy the Rays since he lives in Tampa. Stuart Sternburg is so fucking cheap.

 

[Jag]

Hold up...they're called the Miami Marlins instead of the Florida Marlins? Well I'll be darned.

It was part of the stadium deal that conned Miami into paying for it.

 

[Kill3r7]

Excited to see what Jeter brings to the table as an owner.

Having Jeter as an owner will only get the team so much more attention. Even with MJ running the Hornets, the team being playoff contenders recently, and Kemba making the all-star game you can still count the number of nationally televised Hornets games a season on 1 hand.

I did not know that Chicagoans retired to NC because like health of NY and NJ retire to FL.

 

[SS4Gogita]

Miami is a fine city for a baseball team. They just need to put a competitive product on the field and have owners worth a damn. The people will come.

Yep. I'm super excited for this. The team has been close to .500 the last couple of seasons so I'm hoping this change can help them get over the hump and stay competitive every year.