Miami Marlins owner Jeffrey Loria reached an agreement in principle to sell the team to a group led by former Florida Governor Jeb Bush and including former New York Yankees star Derek Jeter, pending Major League Baseball approval and other details to be worked out in the drawing up and execution of a contract, according to an MLB source.
According to the source, Bush’s group has agreed to pay $1.3 billion for the team.
A source said the Marlins and Bush group are very optimistic a deal will be finalized, but the process could take months to conclude.