August 11, 2017

Jeter’s Team

There is a report that the Marlins will be sold to a group that includes Derek Jeter:

The person confirmed the Marlins’ plans to The Associated Press on condition of anonymity Friday because the team had not commented publicly. The person said MLB has been told the sale price will be about $1.2 billion to the group, which includes more than 10 entities.

Sherman would be the controlling owner, the person said. Sherman has spent much of his financial career in New York and has also lived in Naples, Florida.

The person said Jeter will be in charge of baseball operations.

I like this. Jeter seems like a very smart guy, and I’ll be interested to see what he can do from the front office. Stay tuned.

Of course, the lede was buried a bit, as the Marlins are somehow worth $1.2 billion. I assume all the well run franchises are very happy tonight.

Update: At the start of the 2017 season, Forbes had the team valued 25th in the majors at $940 million.

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