Marlins confirm signed agreement to sell team to Jeter group


Miami Marlins President David Samson says a signed agreement has been submitted to Major League Baseball to sell the franchise to a group that includes former New York Yankees captain Derek Jeter, and the team expects to close on the deal in early October.

The MLB ownership committee will review the transaction Wednesday at an owners’ meeting in Chicago, Samson said Saturday. He anticipates major league owners will approve the deal in September and closing will take place shortly after the end of the regular season.

Jeter plans be a limited partner in the group led by venture capitalist Bruce Sherman, who will be the controlling owner. Jeter, a 14-time All-Star shortstop, will be in charge of the business and baseball operations, Samson said.

“I’ve gotten to know him through this process,” Samson said. “He’s an incredibly interesting, articulate, smart, contemplative individual. Forget about Hall of Famer, it’s not about that, it’s about his ability to run a team and his desire to run a team, and it just came through so clearly what he wanted.”

At least 75 percent of the major league clubs must approve the sale by Jeffrey Loria, who has owned the team since 2002. A person familiar with the agreement said Friday that the deal with the Jeter-Sherman group, which includes more than 10 entities, is valued at about $1.2 billion.

Sherman spent much of his financial career in New York and has a home in Naples, Florida.

Samson said he hasn’t discussed his own status with Sherman or Jeter, although there have been reports he’ll remain with the organization.

“I have been here since 2002,” Samson said. “I love it here. I would love to stay here. … If Bruce Sherman and Derek Jeter would like me to serve, then it’s something I would certainly talk about.”

Loria’s decision to sell the team became public in February, and Jeter’s interest emerged in April. The Jeter-Sherman group beat out two other groups that pursued the team in the final weeks of negotiations.

“It is a process that has had a lot of twists and turns,” said Samson, speaking in the Marlins’ dugout during batting practice before their game against Colorado.

“We feel really good. It was very important from Jeffrey’s standpoint that there was an ownership group that had not just connections to Miami, but an understanding of what it means to be here in Miami and run a team like the Miami Marlins, and all the possibilities that come with being in a great city like ours.”

Loria, 76, has long been criticized for his frugal ways and for the public financing that helped build 5-year-old Marlins Park. The Marlins haven’t been to the postseason since 2003, and ranked last in the National League in attendance 11 of the past 12 years.

But Samson defended Loria, who has owned the team — now in its 25th season — longer than predecessors Wayne Huizenga or John Henry combined.

“I think time will show that through thick or thin, his commitment to Miami never wavered,” Samson said. “And it was hard to say that about previous owners.”



Reader Comments ...


Next Up in Sports

11 members of Cleveland Browns kneel during national anthem
11 members of Cleveland Browns kneel during national anthem

Eleven members of the Browns knelt in protest during the national anthem before Monday night’s NFL preseason game between Cleveland and the New York Giants, the Plain Dealer reported.  According to the Plain Dealer, Those who took a knee were tight end Seth DeValve, running backs Duke Johnson Jr. and Terrence Magee, safeties Jabrill...
Jarvis Landry on OBJ injury: ‘This is why I hate preseason bull—-‘
Jarvis Landry on OBJ injury: ‘This is why I hate preseason bull—-‘

Jarvis Landry was not happy when his close friend was injured on Monday. (Allen Eyestone/The Post) Philadelphia – When New York Giants wide receiver Odell Beckham, Jr. injured his knee in Monday night’s preseason game against the Cleveland Browns, Dolphins receiver Jarvis Landry did not hold back. “This is why I hate preseason...
Former castoff Jesse Davis vying for starting job with Miami Dolphins
Former castoff Jesse Davis vying for starting job with Miami Dolphins

Jesse Davis is in the mix for a starting job. (Getty Images) PHILADELPHIA–The name Jesse Davis probably doesn’t sound familiar to Dolphins fans even though he’s been with the team since last November. Turns out, he’s one of this season’s training camp surprises. Davis, who withstood two-plus years of practice...
Sports teams poke fun at eclipse through social media
Sports teams poke fun at eclipse through social media

Several sports teams had some fun with Monday's solar eclipse, taking to social media to put their own spin on the celestial rarity. The Atlanta Hawks gleefully blocked out the Suns, who were only too happy to block them back. And there was a total eclipse of the Hart in Philadelphia. Let’s start in Atlanta, where the Hawks’ Twitter account...
Jim McElwain tells UF pep rally crowd Gators are going to Dallas to ‘beat the heck out of Michigan’

Jim McElwain is feeling pretty good about his Gators squad. That much evident during a pep rally with University of Florida students on Sunday. The football program used Periscope to broadcast the event, which included a short address from McElwain to the student body. And the Gators coach didn’t disappoint. After giving...
More Stories