Despite all of the excitement yesterday about Derek Jeter and Jeb Bush “winning” the bidding for the Miami Marlins, there remains one minor detail: they don’t have the money.
At least not yet. That’s according to the Wall Street Journal which reports that, as recently as Monday afternoon, Jeter and Bush were calling bankers and other potential financiers to put up the $1.3-1.6 billion needed to buy the team. Jeter and Bush may be rich men, but they’re not that rich, and the WSJ reports that they’d merely be the front men with the real cash coming from silent partners.
Oftentimes men come along who want to buy a major league baseball team who have gobs of cash but do not pass muster with MLB on a personal level. At the moment, anyway, the Bush-Jeter group has the opposite problem. If they get the dough, MLB will no doubt welcome them into the ownership club with open arms. They just need to get the dough.
A detail, I presume, which will eventually be remedied. But not a minor detail.