Bloomberg reported on Tuesday that the ownership group led by beloved Yankees legend Derek Jeter and former Florida governor Jeb Bush has won the auction to purchase the Miami Marlins.
Although no reports have confirmed a purchase price, Forbes values the franchise at $940 million – a steep markup from the $158 million that art dealer Jeff Loria paid for the team in 2002. Recent reports have priced the sale at over $1 billion.
Marlins expecting to finalize $1.3B deal to sell team to Jeb Bush, Derek Jeter group https://t.co/9aN8RZJ7hC
Other bidders were Quogue Capital LLC founder Wayne Rothbaum, and another buyer group led by Tagg Romney son of former Massachusetts governor Mitt Romney.