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vegassports-odds.com December 18, 2017


Jeffrey Loria Agrees To Sell Marlins To Derek Jeter, Bruce Sherman Group

13 August 2017, 01:43 | Joan Schultz

Derek Jeter-Led Investors Group Purchases The Miami Marlins

Jeter poised to take the next step

Sherman is going to be the managing general partner of the team, according to the Herald, while Jeter, who put in about $25 million, will focus on the player development and business sides of the team.

In a 2014 interview with Jack Curry of the Yes Network, Jeter called owning a team "the next ultimate goal", and that he wanted to be the guy "that calls the shots".

Derek Jeter is amongst a group of investors finalizing a deal to buy the Miami Marlins from Jeffrey Loria for $1.2 billion. He attempted to purchase the Marlins earlier this year as part of a different ownership group led by former Florida governor Jeb Bush.

The person said Jeter will be in charge of baseball operations. The Marlins have not reached the playoffs since.

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Others have pointed out that there is a major difference between being good at playing sports and being good at running a sports team, using the example of Michael Jordan and his ownership of the Charlotte Bobcats/Hornets.

"Sherman, a wealthy venture capitalist who has a home in NY and is building a home in South Florida, will be the 'control person, ' similar to a managing general partner", Jackson wrote.

It isn't clear what role Mas, the chairman of Mas-Tec, would play, but there's word he could invest up to around $300M, so it could be a fairly significant one. At least 75 percent of the major league clubs must approve the sale, a process that could take three to six months.



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