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Loria agrees to sell Marlins to Jeter-led group for $1.2 billion
Posted on 8/11/17 at 3:49 pm
Posted on 8/11/17 at 3:49 pm
LINK
quote:
Miami Marlins owner Jeffrey Loria has agreed to sell the franchise for $1.2 billion to a group led by New York businessman Bruce Sherman and former New York Yankees star Derek Jeter, and Major League Baseball is expected to receive the written agreement on Friday, according to a New York based MLB source.
Sherman, a wealthy venture capitalist who has a home in New York and is building a home in South Florida, will be the “control person,” similar to a managing general partner.
But Jeter, the former New York Yankees star shortstop, will run the business and baseball sides of the organization, the source said.
The Sherman/Jeter group has about 16 investors and they have raised the money to purchase the team after months of seeking investors to meet Loria’s asking price, the source said.
quote:
Jeter is believed to be contributing only $25 million of his own money but has a great relationship with Sherman, who will allow Jeter to essentially run the organization.
quote:
Among the other investors: former NBA star Michael Jordan, who’s a friend of Jeter.
This post was edited on 8/12/17 at 1:04 am
Posted on 8/11/17 at 3:54 pm to LSUSoulja08
poor Jeb.
please clap.
please clap.
This post was edited on 8/11/17 at 3:55 pm
Posted on 8/11/17 at 3:56 pm to LSUSoulja08
Jeter is putting up roughly $25MM.
Posted on 8/11/17 at 4:01 pm to slackster
So torn...happy that the the Marlins will get a new owner who is not a terrible human being, but pissed off Luria is going to make so much money off this.
Posted on 8/11/17 at 4:02 pm to boosiebadazz
This meme never gets old to me
Posted on 8/11/17 at 4:33 pm to LSUSoulja08
quote:
who will allow Jeter to essentially run the organization.
Yikes
Posted on 8/11/17 at 4:33 pm to LSUSoulja08
quote:
allow Jeter to essentially run the organization.
Well that seems like a dumb idea. It's not a terrible idea to let Jeter be the "face" of ownership. But to actually let him run the business?
Posted on 8/11/17 at 4:55 pm to Lsuhoohoo
what makes you think he'll be bad at it?
Posted on 8/11/17 at 4:58 pm to roguetiger15
Because he has no experience?
Posted on 8/11/17 at 4:59 pm to mattz1122
Elway didn't either. bird didn't either. Magic didn't either
Posted on 8/11/17 at 5:01 pm to roguetiger15
quote:
Elway didn't either. bird didn't either. Magic didn't either
Those guys had plenty of business experience before getting into front office roles.
Posted on 8/11/17 at 5:02 pm to Lsuhoohoo
you don't consider him managing his brand business experience?
ever heard of "the players' tribune"?
jeter started that company and still runs it.
a quick google search shows me that he's been heavily involved with multiple business endeavors since retiring.
ever heard of "the players' tribune"?
jeter started that company and still runs it.
a quick google search shows me that he's been heavily involved with multiple business endeavors since retiring.
This post was edited on 8/11/17 at 5:11 pm
Posted on 8/11/17 at 5:10 pm to roguetiger15
For every Elway, Bird and Magic there's more than a few Michael Jordans, Wayne Gretzkys, and Matt Millens.
Posted on 8/11/17 at 5:11 pm to mattz1122
I have no clue what that has to do with my point. you're just deflecting now.
Posted on 8/11/17 at 5:13 pm to roguetiger15
quote:
no clue what that has to do with my point
Uh. How?
Those are former great players who took executive roles with no experience.
Posted on 8/11/17 at 5:16 pm to mattz1122
you said he has no business experience. that's false.
you went from "he has no experience to...welllll I wont admit he has experience but looka these guys and how they failed".
you went from "he has no experience to...welllll I wont admit he has experience but looka these guys and how they failed".
This post was edited on 8/11/17 at 5:17 pm
Posted on 8/11/17 at 5:20 pm to roguetiger15
He has no experience running a professional sports organization. Somehow I thought that assertion would be clear via context clues.
This post was edited on 8/11/17 at 5:23 pm
Posted on 8/11/17 at 5:24 pm to mattz1122
he's been around the business his entire adult life. I'm sure even if he did't run one yet he's got a pretty good idea of how to run one now.
and it was lsuhoohoo who said something about business experience in general so I take back my comments to you.
and it was lsuhoohoo who said something about business experience in general so I take back my comments to you.
This post was edited on 8/11/17 at 5:25 pm
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