Marlins owner Jeffrey Loria is nearing a decision on the sale of the team and is prepared to sell the club for less than the originally reported $1.3 billion price tag, reports Barry Jackson of the Miami Herald. Earlier tonight, USA Today’s Bob Nightengale tweeted that the Marlins had made “significant progress” on the sale and were expected to receive $1.1-$1.3 billion dollars from the group that is being led by Tagg Romney, Tom Glavine and Wayne Rothbaum or the group that is led by Derek Jeter.
FanRag’s Jon Heyman reported earlier today that the likely sale price would fall somewhere in the range of $1.1-$1.25 billion, and he also noted that Jeter has made progress on raising the requisite funds for his bid’s approval. Jackson offers a similar sentiment, reporting that the Jeter group has bid more than $1.1 billion. Jackson adds that the league has been led to believe in recent days that Jeter has solidified his investment group to some extent. Rothbaum/Romney/Glavine, meanwhile, have the funds to bid upwards of $1.3 billion but have not been willing to go that high in talks, Jackson reports.
Jackson cites a “New York-based Major League Baseball source” in reporting that Loria hopes to make a decision before the end of July, but adds that there’s no front-runner at this time. Rothbaum would technically be the control person of their group, though he’s work closely with Romney, while Glavine would have some type of role in the baseball ops department. Jeter, meanwhile, would want to be heavily involved in baseball operations as well, according to Jackson.
Place your bets:
Option A: Jeter Group
Option B: Tagg-Romney group
B
A
a
A
A if MLB lends Jeter money because he doesn’t have enough to buy a team Lol
Jeter *GROUP*
Did you know it’s been reported Jeb Bush left the Jeter *GROUP* to join the Romney *GROUP* who at this point are considered to be the presumptuous front runners?
I admire Jeter too and I hope he wins it, but billions of dollars of disposable income is something many people, even future 1st Ballot HOFers don’t have.
But don’t take my word for it. Here’s an article confirming everything I just said (Jeter doesn’t have enough money to buy the marlins)
link to nypost.com
Pretty sure this fell into the “nobody cares” file.
A
B, unfortunately.
B
B
Group B. Never underestimate a team with Glavine on it.
Vastly prefer A but B is stronger.
I hope this happens soon. I want to see the marlins sell everything!!
I want them to sell that statue and replace it with a team monument
I hope Jeter manages it.
I hope Dave Stewart never manages an MLB team anymore
He never has. He was the General Manager of the Dbacks.
A
Please, it doesn’t matter, just get rid of the cancer that is Loria….
By allowing Jeffry Loria to walk away with such an extreme high profit from the sale of the team, the door swings wide open for this type of owner.
I think he’s a joke of an owner as far as a caring baseball owner goes but ultimately it’s his team, his money. He can do as he wishes. And deserves to profit at it. Like it or not.
C. No politician or politician’s offspring should ever be allowed to be engaged in owning a sports franchise. There are already way too many crooks in baseball why add more?
A
$1.1B for the rights to Stanton’s monstrous contract? Not sure I’d find that appealing as a buyer.
A, please. I just don’t want Glavine being a part of the Marlins. Stick with the Braves please…
C Jorge Mas look it up
This has been the biggest non-story for months.They’ve been nearing a decision since January, come on, now.
How is such a horrible franchise worth that much. Did the owner bite off more than he could chew with that eye sore stadium. If the sale goes through they should start over and start trading players. Stanton is all but guaranteed to opt out.