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Report: Jeffrey Loria to sell Marlins to Jorge Mas for $1.17 billion

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As All-Star festivities have already gotten under way in Miami, Marlins owner Jeffrey Loria is reportedly set to sell the team to businessman Jorge Mas for $1.17 billion, Mike Ozanian of Forbes reports. 75 percent of baseball’s owners must approve the deal before it becomes official.

Mas is chairman and co-founder of MasTec, an infrastructure engineering and construction company.

In 2002, Loria bought the Marlins for $158 million, so he made a pretty good return on investment. As Ozanian notes, the Marlins are expected to lose $70 million and will pay interest on approximately $400 million in debt.

The Marlins entered the All-Star break at 41-46, 10.5 games out of first place. There is some thought that the team will undergo another fire sale and getting a new owner in place before the trade deadline would clear one giant hurdle. Major League Baseball would have to have been consulted if the Marlins had tried to have a fire sale while Loria was still in the midst of selling the team.

Report: Angels to acquire Ian Kinsler from the Tigers

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Ken Rosenthal of The Athletic reports that the Angels will acquire second baseman Ian Kinsler from the Tigers. It is not known yet what the Tigers will receive in return. Kinsler had to waive his no-trade clause in order for the deal to happen.

Kinsler, 35, hit .236/.313/.412 with 22 home runs, 52 RBI, 90 runs scored, and 14 stolen bases in 613 plate appearances for the Tigers this past season. He’s in the final year of his contract and will earn $10 million for the 2018 season.

The Angels were certainly looking to upgrade at second base and did so with Kinsler. They were also reportedly interested in Cesar Hernandez of the Phillies.