Marlins confirm sale agreement with Derek Jeter group

Marlins confirm sale agreement with Derek Jeter group

The Miami Marlins signed an agreement to sell the team to a group featuring former New York Yankees captain Derek Jeter, a person familiar with the deal said Saturday. The agreement was signed Friday night, according to Marlins president David Samson.

The Sherman-Jeter group, which also includes former National Basketball Association great Michael Jordan, beat out a contingent led by Miami businessman Jorge Mas.

"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. But Jeter likely will be the face of the franchise and will run the baseball and business operations. Sherman has spent much of his financial career in NY and has also lived in Naples, Florida. "[Jeter] has a great relationship with Sherman, who will allow Jeter to essentially run the organization".

"I have been here since 2002", Samson said. I would love to stay here. And while the Marlins have struggled and are losing money, Loria was still able to sell them for the second largest amount ever paid for a Major League Baseball franchise.

Talks between Sherman, Jeter and Loria have been ongoing for months.

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That's why Jeter needs a team to pull it off.

Many around baseball predicted success for the new regime.

Loria, 76, has always been criticized for his frugal ways and for the public financing that helped build 5-year-old Marlins Park.

Jeter has not been shy about his desire to own a baseball team. If that was not problematic enough, the Marlins have ranked bottom in attendance for 11 of the last 12 seasons despite playing in a major American city. "And it was hard to say that about previous owners".