Heyman | Sherman in talks with Mas to join new Marlins ownership

Jeter poised to take the next step

Jeter poised to take the next step

Jeffrey Loria the owner of the Miami Marlins is finalizing a deal to sell the Major League Baseball franchise to a group whose members include Derek Jeter the former shortstop with the New York Yankees for a price of $1.2 billion.

Sherman is expected to be a managing general partner for the franchise while Jeter may assume the business and baseball operations of the organization. Financier Bruce Sherman will hold the controlling interest and plans for Jeter to be the chief executive officer, the Miami Herald reported.

An investment group led by a NY businessman and Players Tribune editor-in-chief Derek Jeter has made the winning bid to buy the Miami Marlins, according to multiple reports.

In a 2014 interview with Jack Curry of the Yes Network, Jeter called owning a team "the next ultimate goal", and that he wanted to be the guy "that calls the shots". In addition to Jeter, the ownership group has an athletic dimension thanks to a stake from Michael Jordan, who invested an unknown amount of money with the group.

Miami won the 2003 World Series but has not returned to the postseason since. Loria chose to sell the team for personal reasons.

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