Jeb Bush has dropped his pursuit of purchasing the Miami Marlins, according to a source close to the talks.
The source, confirming a report by the Associated Press, did not offer an explanation for Bush’s change of course. “He just decided to take a step back,” the source said.
The former Florida governor and candidate for the 2016 Republican presidential nomination had teamed with retired New York Yankees star Derek Jeter in a bid to buy the franchise from Jeffrey Loria, the current owner.
Bush and Jeter faced competition from a team assembled by Tagg Romney, son of former GOP presidential nominee Mitt Romney.