When Bruce Sherman and Derek Jeter formed a group of investors to purchase the Miami Marlins for approximately $1.2 billion, it confused just about everyone. Sure, there were other bidders to contend with, but earlier that year, Forbes valued the Marlins at $940 million, placing them among the five least valuable MLB teams. They had been operating in the red under Jeffrey Loria, leaving behind hundreds of millions in debt to assume, too.
But when you take a look at the financial opportunities the Marlins ownership will have in the coming years, Sherman and Jeter’s investment begins to make sense.