The potential ownership group headed by former New York Yankees shortstop Derek Jeter and former presidential candidate Jeb Bush reportedly needs to raise nearly $1 billion in order to buy the Miami Marlins.
According to Charles Gasparino and Brian Schwartz of Fox Business, Jeter and Bush need close to $1 billion from outside investors in order to fulfill their $1.34 billion bid.
The Miami Herald and Bloomberg (h/t ESPN.com) reported Wednesday that Jeter and Bush won negotiating rights, and current Marlins owner Jeffrey Loria agreed to sell the team to them for $1.