Jeter reportedly behind group buying Marlins

$1.2b deal to be finalised in the coming days

14:56 August 12, 2017

Miami: An investor group led by ex-New York Yankees star Derek Jeter has reached an agreement with Miami Marlins owner Jeffrey Loria to purchase the Major League Baseball team for $1.2 billion, US media reported on Friday.

Broadcaster ESPN reported that the deal would be announced “in the coming days.”

Jeter would hold the title of chief executive officer and businessman Bruce Sherman would have the controlling interest in the team, the Miami Herald reported. Jeter would contribute $25 million to the purchase.

If confirmed, the $1.2 billion price tag would be the second-highest in history for a MLB team, behind only the Los Angeles Dodgers’ $2 billion sale in 2012.