RadioOnFire.com - A group of investors that includes former Florida Governor Jeb Bush and New York Yankees great, Derek Jeter, have reportedly reached an agreement to buy the Miami Marlins club. According to Bloomberg and the Miami Herald, current owner Jeffrey Loria will receive $1.3 billion for the National League baseball organization, which makes for a pretty decent flip, considering he only paid $158 million for the Miami upstart in 2002.
For Jeter's part, the move is a dream come true. He has long expressed a yearning to get into the business, saying during a Turn 2 Foundation event back in December that he had "made it very clear of ownership aspirations at some point." The retired Yankee would add, "Who knows when that is, who knows if you get the opportunity. I hope I do." While that opportunity has finally arrived and Jeter and company have capitalized on it, the sale must still go through an approval process the league puts prospective owners through, in which 75% of the 30 Major League Baseball franchises agree to allow the transaction.
Jeter has been on his grind since completing his 20-year career at shortstop in the Bronx. He started up the Players Tribune website that puts out some of the most exclusive athlete interviews in all of media and has his own publishing imprint with Simon & Schuster to boot. Over the course of his career he was able to amass a $265 million fortune through endorsements with Nike, Gatorade and Ford, on top of the salary he earned playing ball.
For Jeb, the purchase brings him to join brother, and former U.S. President George W. Bush, among the Bush family's baseball moguls. Fans will recall W's ownership of the Texas Rangers for a nine-year span, between 1989 and 1998.
Source: nydailynews.com
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