Headlines

  • Red Sox Likely To Activate Alex Bregman Tomorrow
  • Astros To Promote Brice Matthews
  • Phillies Reportedly Targeting Controllable Relievers
  • Yankees Prioritizing Pitching, Also Searching For Infield Help
  • Orioles Trade Bryan Baker To Rays
  • Yankees Release DJ LeMahieu
  • Previous
  • Next
Register
Login
  • Hoops Rumors
  • Pro Football Rumors
  • Pro Hockey Rumors

MLB Trade Rumors

Remove Ads
  • Home
  • Teams
    • AL East
      • Baltimore Orioles
      • Boston Red Sox
      • New York Yankees
      • Tampa Bay Rays
      • Toronto Blue Jays
    • AL Central
      • Chicago White Sox
      • Cleveland Guardians
      • Detroit Tigers
      • Kansas City Royals
      • Minnesota Twins
    • AL West
      • Houston Astros
      • Los Angeles Angels
      • Oakland Athletics
      • Seattle Mariners
      • Texas Rangers
    • NL East
      • Atlanta Braves
      • Miami Marlins
      • New York Mets
      • Philadelphia Phillies
      • Washington Nationals
    • NL Central
      • Chicago Cubs
      • Cincinnati Reds
      • Milwaukee Brewers
      • Pittsburgh Pirates
      • St. Louis Cardinals
    • NL West
      • Arizona Diamondbacks
      • Colorado Rockies
      • Los Angeles Dodgers
      • San Diego Padres
      • San Francisco Giants
  • About
    • MLB Trade Rumors
    • Tim Dierkes
    • Writing team
    • Advertise
    • Archives
  • Contact
  • Tools
    • 2025 Trade Deadline Outlook Series
    • 2025-26 MLB Free Agent List
    • Contract Tracker
    • Transaction Tracker
    • Agency Database
  • NBA/NFL/NHL
    • Hoops Rumors
    • Pro Football Rumors
    • Pro Hockey Rumors
  • App
  • Chats
Go To Pro Hockey Rumors
Go To Hoops Rumors

New Details On Prospective Marlins Sale

By Jeff Todd | May 2, 2017 at 4:08pm CDT

We have heard some conflicting reports recently about just how likely it is that a Derek Jeter and Jeb Bush-led investment group will complete a purchase of the Marlins, but the latest signs point toward a deal. Most notably, the funding for the buyer’s group is now all lined up, according to Daniel Kaplan of the Sports Business Journal (via Twitter).

If the financials are indeed in order, that would represent quite a significant step. Last we heard, Jeter and Bush were looking for additional investors to join their team, but it seems that’ll no longer be an issue. Citibank is advising the would-be owners, Kaplan notes, and presumably will be involved in any financing that’s needed.

There’s also an important note on the reported $1.3B purchase price, which seems more accurately described as a valuation for purposes of the deal. Per Kaplan, that’ll be offset by the organization’s current debt and anticipated operating losses. Joel Sherman of the New York Post had previously noted that possibility while breaking down the significant numbers involved.

Such adjustments will also take a bite out of the share of the sale proceeds that Miami and Miami-Dade County could stand to earn, as Douglas Hanks of the Miami Herald writes. So long as the deal closes by April of next year, five percent of the profits would be sent over to those municipalities — a clause in the deal in which the Marlins obtained massive public financial support for the construction of Marlins Park. But debt, closing costs, and taxes will all first be deducted, and the sale price will also be offset by the agreement’s valuation of the organization (per Hanks, that figures to stand at around $500MM). In other words, while it could still be a significant amount, there are some limits to how much the taxpayers can recoup.

Bush, meanwhile, had some very notable comments of his own, as Tim Healey of the Sun-Sentinel reports. Speaking for the first time, the former Florida governor — who’d be the official control person of the organization — discussed the groups vision. Most interestingly, perhaps, he suggested that Jeter might actually take over the baseball operations department, though certainly the details of just how that would work remain to be seen. Generally, he expressed an interest in “patiently” building a roster — no word yet on what that might mean at the outset of a new ownership — while pushing to take advantage of the Miami organization’s proximity to Latin America.

Share 0 Retweet 7 Send via email0

Miami Marlins

MLBTR Chat Transcript
Main
Orioles Place Welington Castillo On DL, Purchase Contract Of Francisco Pena, Designate Damien Magnifico
View Comments (7)
Post a Comment

7 Comments

  1. mike156

    8 years ago

    The description of what the taxpayers might get out of the sale sounded so much like a lawyer’s delight that I expect that it’s just a question of how many penny rolls they will need.

    2
    Reply
    • Cam

      8 years ago

      This is exactly why the language is built into contracts like this, and taxpayers get screwed every which way.

      Unfortunately, Councillors, Ownership and Lawyers have no qualms with bleeding the taxpayer of dollars, so they can use that money in a merry-go-round of their chosen few. And there isn’t much that your average joe can do about it.

      The system sucks.

      1
      Reply
      • reflect

        8 years ago

        There’s actually a lot that the average joe can do, like paying attention, and voting. The real problem is no one does those things. I bet my life savings all the politicians who contributed to and approved the Miami deal were re-elected.

        Reply
  2. CursedRangers

    8 years ago

    I don’t get it. ESPN is laying off people in droves. Fans are going to more marquee games and ignoring the other games (the actual fans at the Rangers/Astros games at night was embarrassing). Point is, what happens when all the revenue streams take a step back. TV deals have been locked up for decades, the Marlins stadium is new (and still empty), they are competing with beaches, traffic, and the Strip. If the team is losing money today what is the optimistic piece I’m missing? Seems like a crazy amount of money to throw at this team.

    Reply
    • hodor 3

      8 years ago

      Baseball has nothing to do with ESPN’s struggles. That has more to do with their programming, focus (Tebow? Give me a break) and insistence on being subsidized by all cable packages and such.

      1
      Reply
      • Dookie Howser, MD

        8 years ago

        ESPN isn’t being “subsidized” by cable packages. That is a revenue stream.

        Reply
  3. Lefty_Orioles_Fan

    8 years ago

    while it could still be a significant amount, there are some limits to how much the taxpayers can recoup.

    Well, this sounds promising, to me it should be fair and whatever is fair should be done!!!!!!

    Reply

Leave a Reply Cancel reply

Please login to leave a reply.

Log in Register

    Top Stories

    Red Sox Likely To Activate Alex Bregman Tomorrow

    Astros To Promote Brice Matthews

    Phillies Reportedly Targeting Controllable Relievers

    Yankees Prioritizing Pitching, Also Searching For Infield Help

    Orioles Trade Bryan Baker To Rays

    Yankees Release DJ LeMahieu

    Trevor Williams To Undergo UCL Surgery

    Nationals Fire PBO Mike Rizzo, Manager Dave Martinez

    Brewers Activate Brandon Woodruff

    Clarke Schmidt Expected To Undergo Tommy John Surgery

    Bobby Jenks Passes Away

    Braves Release Alex Verdugo

    Top 40 Trade Candidates For The 2025 Deadline

    Rays Reinstate Ha-Seong Kim

    Yankees Have Shown Interest In Ryan McMahon

    Royals Interested In Bryan Reynolds

    Rangers Option Josh Jung

    Kevin Pillar Announces Retirement

    Braves Place Spencer Schwellenbach On IL With Elbow Fracture

    Giants Exercise 2026 Option On Manager Bob Melvin

    Recent

    Trade Deadline Outlook: New York Yankees

    Trade Deadline Outlook: Atlanta Braves

    Which Other Relievers Might The Orioles Shop?

    Lee Elia Passes Away

    Red Sox Likely To Activate Alex Bregman Tomorrow

    Poll: Which Teams Should Make The Biggest Push For Jarren Duran?

    MLB Finalizes Home Run Derby Field

    Astros To Promote Brice Matthews

    Giants Outright Sergio Alcántara

    Joe Coleman Passes Away

    MLBTR Newsletter - Hot stove highlights in your inbox, five days a week

    Latest Rumors & News

    Latest Rumors & News

    • Sandy Alcantara Rumors
    • Luis Robert Rumors
    • Alex Bregman Rumors

     

    Trade Rumors App for iOS and Android App Store Google Play

    MLBTR Features

    MLBTR Features

    • Remove Ads, Support Our Writers
    • Front Office Originals
    • Front Office Fantasy Baseball
    • MLBTR Podcast
    • Trade Deadline Outlook Series
    • 2025-26 MLB Free Agent List
    • Contract Tracker
    • Transaction Tracker
    • Extension Tracker
    • Agency Database
    • MLBTR On Twitter
    • MLBTR On Facebook
    • Team Facebook Pages
    • How To Set Up Notifications For Breaking News
    • Hoops Rumors
    • Pro Football Rumors
    • Pro Hockey Rumors

    Rumors By Team

    • Angels Rumors
    • Astros Rumors
    • Athletics Rumors
    • Blue Jays Rumors
    • Braves Rumors
    • Brewers Rumors
    • Cardinals Rumors
    • Cubs Rumors
    • Diamondbacks Rumors
    • Dodgers Rumors
    • Giants Rumors
    • Guardians Rumors
    • Mariners Rumors
    • Marlins Rumors
    • Mets Rumors
    • Nationals Rumors
    • Orioles Rumors
    • Padres Rumors
    • Phillies Rumors
    • Pirates Rumors
    • Rangers Rumors
    • Rays Rumors
    • Red Sox Rumors
    • Reds Rumors
    • Rockies Rumors
    • Royals Rumors
    • Tigers Rumors
    • Twins Rumors
    • White Sox Rumors
    • Yankees Rumors

    Navigation

    • Sitemap
    • Archives
    • RSS/Twitter Feeds By Team

    MLBTR INFO

    • Advertise
    • About
    • Commenting Policy
    • Privacy Policy

    Connect

    • Contact Us
    • Twitter
    • Facebook
    • RSS Feed

    MLB Trade Rumors is not affiliated with Major League Baseball, MLB or MLB.com

    Do not Sell or Share My Personal Information

    hide arrows scroll to top

    Register

    Desktop Version | Switch To Mobile Version