Forbes published a report saying that a sale of the Miami Marlins had been reached with Cuban American billionaire Jorge Mas. The reported price: $1.17 billion.
Mas, the Chairman and co-founder of the Fortune 500 company MasTec, first entered the bidding a few weeks ago. He recently made headlines when his request for exclusive negotiating rights was denied by the Marlins.
This means the Marlins wished to keep the bidding field open, perhaps in the hopes of a last minute Jeter sale.
A native son and UM alumni, Mas has deep ties to the South Florida community and Latin American markets abroad.