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Romney Group Still Pursuing Marlins

By Jeff Todd | May 2, 2017 at 7:26pm CDT

Just when it seemed all the momentum was lining up toward a sale of the Marlins to a group led by Derek Jeter and Jeb Bush, things have taken another turn. The alternative bidding group, led by Tagg Romney and also including Tom Glavine, has upped its offer to exceed the $1.3B sale valuation offered by the Jeter/Bush team, according to Dave Hyde of the Sun Sentinel.

Confirming the general situation, commissioner Rob Manfred told the Sun Sentinel that there are “two very strong groups” still in play. While he obviously did not tip his hand in any way, it’s certainly possible the league’s preferences could tip the scales here. Importantly, at present, we know nothing about the deep-pocketed, background investors who’d participate in either ownership group.

To be sure, the competing offers could shift the calculus for Loria and the league, though it seems they aren’t drastically different. While the new price would beat the $1.3B offer of Jeter and Bush, sources tell Barry Jackson and Douglas Hanks of the Miami Herald that it is still shy of $1.4B. With both the league and the team looking over the competing bids, a decision is said to be likely to come soon.

The report also provides some details on the earlier agreement struck between Loria and the Jeter/Bush group, which some characterized as a sale agreement but really falls well shy of that. In fact, it’s just a “handshake deal” that was to allow that group “first opportunity” to get the club if financing was found and a deal was signed quickly. But it did not provide exclusivity, per the report; whether it was an agreement that bound the parties in any manner at all isn’t even clear.

Since there’s still no sale agreement in place — and, according to the Herald, the financing has still yet to be proven — it’s all still an open situation. Indeed, Jeter and Bush are now said to be working to bring in Wayne Rothbaum — who had previously led a third bidding effort — to infuse cash needed for their efforts, per Scott Soshnick of Bloomberg (via Twitter).

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View Comments (16)
Post a Comment

16 Comments

  1. TheChanceyColborn

    8 years ago

    Hopefully it ends soon

    Reply
  2. ReverieDays

    8 years ago

    This is getting boring.

    Reply
  3. jay13

    8 years ago

    Just choose one already. Its bad enough loria is going to cash out like a bandit(can’t hate it though, hit on a good investment).

    Reply
    • mikeyank55

      8 years ago

      Here’s a better idea Jay. Let one buy the marlins and the other buy the cash and brain poor Mets

      1
      Reply
  4. baseballisdead

    8 years ago

    ugh please end this soon enough so that a new team can manage this years trade deadline

    Reply
  5. Djones246890

    8 years ago

    They had better have a ton of money, because that @ $ $ ugly stadium needs a complete renovation.

    One of the most beautiful cities in the United States, and they build a stadium that looks like a flea market.

    2
    Reply
  6. Logan10braves

    8 years ago

    Can one of them buy the Braves? Liberty Media doesn’t need a sports team.

    1
    Reply
  7. Lefty_Orioles_Fan

    8 years ago

    Tagg Romney and also including Tom Glavine, has upped its offer to exceed the $1.3B sale valuation offered by the Jeter/Bush team

    Now, it’s getting exciting.
    However, who is going to pay off the Muni Bonds, so that the Taxpayers get their money back????!!!!???

    Bottomline is what are these people fighting over exactly???

    1
    Reply
    • reflect

      8 years ago

      I don’t think taxpayers get their money back in that stadium deal?

      I think it was tax funded, no strings attached and no payback required.

      1
      Reply
      • ABCD

        8 years ago

        No, go read the Bush-Jeter post from earlier today.

        1
        Reply
  8. reflect

    8 years ago

    Jeb!

    1
    Reply
  9. brewcat

    8 years ago

    Is Tagg Romney related to Mitt Romney? Or Batt Romney? Or Slyde Romney?

    1
    Reply
    • VampWeekAtBern

      8 years ago

      Yup. Slyde and Kipp Romney’s cousin.

      Reply
  10. GarryHarris

    8 years ago

    Shows how much for a “handshake” means to Loria.

    2
    Reply
  11. socalblake

    8 years ago

    If Jeter and co win the bid, Jeter can still say to Glavine, “not much has changed, eh Tom?” I’m still raking off you, even in retirement.

    Reply
  12. Ironically Optimistic Padres Fan

    8 years ago

    We all know the Rothschilds and the Illuminati will end up buying the Marlins, oh you wait.

    Reply

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