Report: Derek Jeter/Jeb Bush-led group wins auction for Marlins

 
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PostPosted: Tue Apr 25, 2017 4:49 pm    Post subject: Report: Derek Jeter/Jeb Bush-led group wins auction for Marlins

http://www.msn.com/en-us/sports/mlb/report-derek-jeter-jeb-bush-led-group-wins-auction-for-marlins/ar-BBAmGvw

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Report: Derek Jeter/Jeb Bush-led group wins auction for Marlins


Derek Jeter and Jeb Bush recently teamed up in an effort to buy the Miami Marlins, and according to a report, they succeeded.

Scott Soshnick, who writes for Bloomberg, broke the news Tuesday.

BREAKING: Derek Jeter/Jeb Bush-led group wins auction for @marlins, source says. No purchase price given yet #sportsbiz #MLB
2:16 PM - 25 Apr 2017
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“A group led by former Florida governor Jeb Bush and former New York Yankees captain Derek Jeter have won the auction for the Miami Marlins baseball team, according to a person with knowledge of the deal,” Soshnick wrote. “The person requested anonymity because the sale contract hasn’t been signed. The person declined to say how much the group paid for the team, which is owned by New York art dealer Jeff Loria.”

While no purchase price has been announced, it was reported earlier in the year that owner Loria had a deal in place to sell the franchise for $1.6 billion.

Jeter wasn’t the only former MLB star to have thrown his name into this particular hat. Tom Glavine had teamed up with Mitt Romney’s son (politicians have some cash, by the way) in pursuit of the same goal.

In the end, the Jeter/Bush combo reportedly proved too potent. The Bush family has gone down this road before, as former President George W. Bush owned the Texas Rangers from 1989-94.

Time will tell if this is a positive development for the Marlins, who have floundered under Loria in recent years.
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AY2043
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PostPosted: Tue Apr 25, 2017 4:54 pm    Post subject:

Derek Jeter and Jeb Bush, a match made in heaven
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rwongega
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PostPosted: Tue Apr 25, 2017 4:57 pm    Post subject:

Cant get any worse than Loria right?
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DuncanIdaho
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PostPosted: Tue Apr 25, 2017 5:08 pm    Post subject:

Dodgers ownership got a killer deal if the Marlins really sold for 1.6 billion.
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lakersken80
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PostPosted: Tue Apr 25, 2017 5:42 pm    Post subject:

My guess is the real investors are the ones fronting the money while they are the public face. Kinda like Magic for the Dodgers.
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PostPosted: Tue Apr 25, 2017 6:47 pm    Post subject:

please clap
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PostPosted: Tue Jul 11, 2017 3:15 pm    Post subject:

http://nba.nbcsports.com/2017/07/11/report-michael-jordan-joins-derek-jeters-bid-to-buy-miami-marlins/

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Report: Michael Jordan joins Derek Jeter’s bid to buy Miami Marlins


Michael Jordan’s fondness for baseball is well-documented. The greatest basketball player of all time even retired from the NBA for a couple years to play minor-league baseball.

Now owner of the Hornets, Jordan is trying to buy a share of another team – the Miami Marlins, as part of Derek Jeter’s bid.

Josh Kosman, Ken Davidoff and Claire Atkinson of the New York Post:

Interestingly, NBA great Michael Jordan is among a group of about 15 investors in the Jeter camp, sources said — although the ex-hoopster is said to be kicking in very little cash.

Jeter sees Jordan as a role model in how to become a successful sports executive, a source who knows Jeter said.

Jordan has successfully transitioned from playing to owning. He could help Jeter.

But Jeter reportedly wants control of the Marlins without contributing too much money. What are the odds Jordan has, or eventually develops, similar aspirations?
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rwongega
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PostPosted: Tue Jul 11, 2017 3:20 pm    Post subject:

That a scumbag like Jeffrey Loria still comes out a winner in all this is a travesty.
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PostPosted: Tue Jul 11, 2017 3:26 pm    Post subject:

rwongega wrote:
That a scumbag like Jeffrey Loria still comes out a winner in all this is a travesty.


#merica
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PostPosted: Tue Jul 11, 2017 7:30 pm    Post subject:

Shocker
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PostPosted: Sat Aug 12, 2017 10:04 am    Post subject:

https://www.usatoday.com/story/sports/mlb/2017/08/11/marlins-sale-derek-jeter/560661001/




Quote:
Derek Jeter is about to become a co-owner of the Miami Marlins.

Marlins owner Jeffrey Loria has agreed to sell the franchise for $1.2 billion to the New York Yankees legend and his group led by New York businessman Bruce Sherman, a directly involved with the sale confirmed to USA TODAY.

The person spoke on condition of anonymity because the sale is not complete

The Miami Herald was the first to report the Sherman-Jeter group was in agreement with Loria.

The agreement is expected to be completed on Friday and submitted to Major League Baseball, which likely will not vote on the transaction at next week's owners' meetins in Chicago.

Jeter, who is expected to contribute about $25 million in the sale, is expected to run the Marlins' baseball and business side, according to the Herald, with Sherman serving as the club's "control person" regarding all matters relating to MLB and the central office.

Loria, 76, bought the Marlins for $158.5 million in 2002 from John Henry. The Marlins won the World Series in 2003 but haven't reached the playoffs since, the longest current drought in the National League.
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lakersken80
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PostPosted: Sat Aug 12, 2017 12:04 pm    Post subject:

Somebody actually decided to give Jeter full control of the business and baseball side with his contribution of only $25 million?
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PostPosted: Sat Aug 12, 2017 12:15 pm    Post subject:

DuncanIdaho wrote:
Dodgers ownership got a killer deal if the Marlins really sold for 1.6 billion.


Yep and it was widely panned by "experts" far and wide as wildly overpaying.

http://www.espn.com/los-angeles/mlb/story/_/id/7747848/economist-2b-los-angeles-dodgers-makes-no-sense

http://www.foxbusiness.com/features/2012/03/28/are-dodgers-really-worth-215-billion.html

Loved how these idiot economists apply their education to something like the purchase and sale of sports teams. Completely inapplicable.
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PostPosted: Mon Aug 14, 2017 5:05 pm    Post subject:

rwongega wrote:
That a scumbag like Jeffrey Loria still comes out a winner in all this is a travesty.


Just like those worthless Boston carpetbaggers the McCourts. Maybe MLB should vet their potential owners a bit better.

Loria has made out like a bandit wherever he went, from screwing Montreal out of the Expos with Bud Selig to screwing Miami as an owner. Somehow this cockroach will probably find his way onto another team to exploit.
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