Jeb Bush joins Romney in pursuit of Miami Marlins
- Author: Julie Sanders Jun 25, 2017,
Jun 25, 2017, 4:06
The person described the status of the Marlins' sale talks on condition of anonymity because the team isn't discussing the negotiations publicly. Former New York Yankees shortstop Derek Jeter met with Manfred and Samson and informed them he didn't yet have the asking price of $1.3 billion after fundraising efforts.
That reported bid of $1.1 billion may not be the highest offer on the table, but if it's cash-heavy, then it may be the best offer on the table.
Loria bought the Marlins for $158.5 million in 2002 from John Henry.
Romney, the son of former Republican presidential nominee Mitt Romney, is a MA businessman and venture capitalist.
Rothbaum, founder of Quogue Capital, had been part of a separate previous bid.
Miami has the largest Cuban and Cuban-American population in the U.S. Mas is chairman of the Cuban American National Foundation, a group his father, Jorge Mas Canosa, founded in the early 1980s. As it stands, though, Friday has not been a good day for Jeter's ownership aspirations. News of the Miami Marlins being on the market broke in February when Loria was said to have a "handshake" agreement with Jacob Kushner, the brother of Jared Kushner, who is married to Ivanka Trump. Despite Bush dropping out, Jeter's group has continued to attempt to buy the organization, but Major League Baseball wants potential ownership groups to prove it has the necessary capital to both purchase and operate the team.
The value of the franchise has climbed dramatically even though the Marlins haven't been to the postseason since 2003, the longest current drought in the National League.
For the sale to be final, 75 percent of MLB baseball owners must approve the sale.