Jorge Mas is the chairman and co-founder of the engineering firm MasTec, was first identified as the mystery third bidder for the Miami Marlins by the Miami Herald. His group is reported to be offering $1.1 billion for the team.
The sale of the Marlins was always going to be a complicated affair. With heavy payroll commitments, $400 million in debt, and low revenues, it’s a long climb to the $1.3 billion Loria wants.
This was before both groups admitted they didn’t have enough money, and Bush ditched Jeter for the Tagg Romney team.