An offer is being prepared to purchase the Miami Marlins, who are for sale for the first time since owner Jeffrey Loria bought the team in 2002, a source confirmed to ESPN's Darren Rovell.
Loria has been offered $1.6 billion for the team, according to Forbes, which first reported that the Marlins had received a purchase offer.
Reached by ESPN's Jayson Stark, Marlins president David Samson declined comment on the reports.
Loria purchased the team in 2002 for $158 million from John Henry. Loria funded the purchase by selling the Montreal Expos to Major League Baseball for $120 million and covering the rest with a $38 million loan from MLB.