Derek Jeter’s Group to Purchase the Marlins [Sports]
By Jack Barnes
Derek Jeter has won the auction for the Miami Marlins and will serve as the franchise’s CEO, a source with direct knowledge of the situation said.
The former Yankees captain and future Hall of Famer will oversee both baseball and business operations, sources said. He’ll also have a large voting stake in team affairs, roughly 20 percent. Billionaire money manager Bruce Sherman will be the controlling owner.
“It’s a deal,” the source with knowledge of the situation said. “The ink is dry.”
As principal owner, Sherman is investing several hundred million in the acquisition and Jeter less than $30 million, sources said. Read More…
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