Derek Jeter's purchase of the Miami Marlins has been approved by MLB owners, said two people familiar with the vote approving the sale by Jeffrey Loria to an investment group led Jeter and Bruce Sherman.
The people confirmed the vote to The Associated Press on condition of anonymity Wednesday because the approval had not been announced. One of the people said the vote was unanimous, with 75 percent approval needed.
A signed $1.2 billion agreement was submitted to Major League Baseball last month to sell the Marlins to a group led by Sherman, a venture capitalist who will be the controlling owner. Jeter, a 14-time All-Star shortstop for the New York Yankees, plans to be a limited partner in charge of the business and baseball operations.
The closing is expected to be within a few days. Loria has owned the team since 2002.
© Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.