Former New York Yankees icon Derek Jeter is part of a group led by ex-Florida Governor Jeb Bush that has reached an agreement to purchase the Miami Marlins after submitting a bid of $1.3 billion, according to multiple media reports.
According to the Miami Herald and Bloomberg, Marlins owner Jeffrey Loria has reached an agreement to sell the Marlins to the Bush-Jeter group after their bid won the auction ahead of other potential buyers for exclusive negotiating rights.
There still is a long way to go in the process as both news outlets, citing sources, said there is no contract as of yet and the sale would still need approval from Major League Baseball.