Tags: bush | jeter | marlins | purchase

Bush-Jeter Marlins Purchase in the Works, Not a Done Deal

Image: Bush-Jeter Marlins Purchase in the Works, Not a Done Deal

Left: In this Feb. 18, 2016, file photo, former Florida Gov. Jeb Bush speaks at a town hall meeting at the University of South Carolina in Columbia, S.C. (AP Photo/Andrew Harnik, File) Right: Former New York Yankees shortstop Derek Jeter waves to the fans before a baseball game Sunday, Aug.14, 2016, at Yankee Stadium in New York. (AP Photo/Bill Kostroun)

By    |   Monday, 01 May 2017 11:52 AM

Jeb Bush and Derek Jeter are leading an effort to purchase the Miami Marlins, but it is not clear if they have the money or even the top group in line to buy the Major League baseball club.

The New York Post shot down rumors that the two had already reached an agreement to buy the struggling club for $1.3 billion. The Post said the Bush-Jeter team is working to secure financing and turned to New York financier Anthony Scaramucci to help them.

Scaramucci worked with the former Florida governor during his failed presidential campaign last year before moving on to help President Donald Trump in his campaign.

Bush and the former New York Yankee great are hoping to buy the team from Manhattan-based art dealer Jeffrey Loria. Loria purchased the team in 2002 for $158 million, according to the New York Daily News.

MLB commissioner Rob Manfred alluded last week to "multiple bidders" for the baseball team, and said nothing has been decided, according to the New York Daily News.

"There is no agreement in place," Manfred said, according to the Daily News. "We're working with more than one group, and when we have a definitive agreement we'll make an announcement."

The son of another presidential candidate, Tagg Romney, was listed last month as being in the running for the Marlins, Bloomberg reported. Romney, son of 2012 Republican presidential nominee Mitt Romney, has teamed with Hall of Fame pitcher Tom Glavine in their bid.

Bloomberg said the bid involving Tagg Romney, the cofounder of Solamere Capital, and former Atlanta Brave Glavine does not include Mitt Romney, the cofounder of Bain Capital.

The Miami Marlins, who won World Series titles in 1997 and 2003, finished last season 79-82. The team hasn't had a winning season since 2009 (87-75) and hasn't made the playoffs since winning the 2003 pennant. The team hasn't finished a season ranked higher than 27th out of 30 Major League Baseball teams since moving into a new stadium in 2012, noted The Washington Post in 2016.

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Jeb Bush and Derek Jeter are leading an effort to purchase the Miami Marlins, but it is not clear if they have the money or even the top group in line to buy the Major League baseball club.
bush, jeter, marlins, purchase
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2017-52-01
Monday, 01 May 2017 11:52 AM
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