Derek Jeter and Jeb Bush recently teamed up in an effort to buy the Miami Marlins, and according to a report, they succeeded.
Scott Soshnick, who writes for Bloomberg, broke the news Tuesday.
BREAKING: Derek Jeter/Jeb Bush-led group wins auction for @marlins, source says. No purchase price given yet #sportsbiz #MLB
— Scott Soshnick (@soshnick) April 25, 2017
“A group led by former Florida governor Jeb Bush and former New York Yankees captain Derek Jeter have won the auction for the Miami Marlins baseball team, according to a person with knowledge of the deal,” Soshnick wrote. “The person requested anonymity because the sale contract hasn’t been signed. The person declined to say how much the group paid for the team, which is owned by New York art dealer Jeff Loria.”
While no purchase price has been announced, it was reported earlier in the year that owner Loria had a deal in place to sell the franchise for $1.6 billion.
Jeter wasn’t the only former MLB star to have thrown his name into this particular hat. Tom Glavine had teamed up with Mitt Romney’s son (politicians have some cash, by the way) in pursuit of the same goal.
In the end, the Jeter/Bush combo reportedly proved too potent. The Bush family has gone down this road before, as former President George W. Bush owned the Texas Rangers from 1989-94.
Time will tell if this is a positive development for the Marlins, who have floundered under Loria in recent years.