Mas would put in at least $200 million and replace Bruce Sherman as the controlling owner in Jeter’s $1.2 billion bid, the people said, asking not to be named because the talks are confidential.
The former New York Yankees captain and his partners won the Major League Baseball team with a bid of $1.2 billion, a deal that was first reported by the Miami Herald.
They haven’t made the playoffs since, and Loria alienated fans by threatening to move the team to secure public funding for Marlins Park and selling off players to minimize the cost of the team’s losses.
The sale process began in February when Loria came close to a deal with the Kushner family, relatives by marriage to President Donald Trump.
In April, Jeter and former Florida Governor Jeb Bush submitted a $1.3 billion offer that was accepted by Loria, though the group was unable to raise enough money to complete the transaction.
- AP source: Marlins plan to sell to group that includes JeterThegardenisland.com
- Report: Loria selling Marlins to group headed by JeterWPEC
- Derek Jeter's Group Is Said to Have Deal to Buy MarlinsNew York Times
- Hyde: Don't let the door hit you on the way out, Jeffrey Loria | CommentarySun Sentinel
- LUPICA: Jeter puts rep on line by becoming Marlins bossNew York Daily News
- Derek Jeter brings passion for baseball to Marlins' ownership boxMiami Herald
- Marlins Man, like most fans, giving sale to Derek Jeter thumbs upMiami Herald
- ASK IRA: Has Michael Jordan set up another rivalry vs. Heat?Sun Sentinel (blog)
- Here's how the new Marlins money man made his fortuneMiami Herald