Palladino: Jeter Owning Marlins Would Make Sense On Many Levels
07:15, Apr 8, 2017
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All this comes after Marlins owner Jeffrey Loria expressed interest in selling the team late past year. Loria paid $158 million for the team back in 2002, and even though the Marlins are considered one of the league's worst teams, he could fetch a significant premium in any sale given the scarcity value of MLB teams.
Two other groups are reportedly interested in bidding for the Marlins, including one headed by former Florida governor and Republican presidential candidate Jeb Bush. When Loria had a "handshake agreement" to sell the team with February, it was reported by Forbes that he was willing to sell the Marlins for $1.6 billion. Bush's brother, George W. Bush, owned the Texas Rangers before he became president.
So, other than getting something steady at the local deli, owning a baseball team is probably as good a fit as any for the future Hall of Fame shortstop.
'From what I understand whoever has the most cash will get the deal, ' said a senior baseball executive who spoke on the condition of anonymity. Who knows if you get the opportunity - I hope I do. In order to avoid the appearance of a conflict of interest, the Kushner family announced that it would not seek to buy the franchise if Loria took the ambassadorship.
Loria had previously owned the Montreal Expos and bought the team from John Henry as part of a multi-team transaction, Henry gained ownership of the Red Sox. "And if that's the case, I wish him the best of luck".
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