Miami Marlins could be sold for $1.6B
- Author: Julie Sanders Feb 09, 2017,
Feb 09, 2017, 20:38
At this point, it's clear that owner Jeffrey Loria is serious in attempts to sell the club, even if the agreement that is now in place does not work out.
Forbes is reporting that a handshake deal is in place that would see the Marlins sold for a whopping $1.6 billion (that's billion with a "B"), according to team president David Samson.
A NY real estate guru plans to buy the team but doesn't have cash on hand, the publication reported, citing anonymous sources. "Thus, for the real estate developer to purchase the Marlins would likely require more debt than Major League Baseball would be comfortable with".
Samson declined to comment on the report, according to the Miami Herald, which added that within baseball circles speculation has grown that Loria intends to sell the team after Marlins Park hosts the 2017 MLB All-Star Game. There have been reports since December that Loria could consider a sale of the team, with Ozanian reporting at the time that Loria sought a $1.7 billion price tag. The last time the Marlins went at least.500 was 2009, which was also the last time they finished better than third in the NL East.
A sale of the Marlins would bring to a close one of the most controversial ownership tenures in recent history.
During Loria's 15-year tenure as Marlins owner, the team has reached the postseason once - it won the World Series in 2003 - and has struggled to attract fans.