Miami Marlins owner Jeffrey Loria and an unnamed New York City real estate developer reportedly have a "handshake agreement" concerning the potential sale of the Major League Baseball organization for $1.6 billion.
Mike Ozanian of Forbes reported Thursday there are still hurdles facing a finalized agreement, because the developer's assets are locked into real estate—not currently liquidated. That raises questions about whether MLB would allow a deal involving so much debt.
More to follow.