UPDATE: In the wake of the earlier reports now come multiple reports that, yes, Derek Jeter and Jeb Bush are in agreement to purchase the Miami Marlins. No one in the know is commenting officially, however.
A purchase price is not yet known, though it is expected to be, at a minimum, $1.4 billion, which was the sale price of the Mariners last year. Reports are that Jeter and Bush are still seeking funding sources, but that rival groups have dropped out and that Jeff Loria and the Jeter-Bush team have a handshake agreement.
There are, as we have seen in recent years, a few hurdles to get over, primarily the finalization of funding. But at the moment it appears as if Derek Jeter and Jeb Bush are going to be the next owners of the Miami Marlins.
2:44 PM: There are a couple of confusing and potentially conflicting reports swirling about the Miami Marlins sale right now.
When last we heard, there were two high-profile groups with reported interest. One run by Hall of Famer Derek Jeter and politician Jeb Bush. The other run by Hall of Famer Tom Glavine and . . . son of politician, Tagg Romney.
Today Scott Soshnick of Bloomberg reported that the Jeter-Bush group has “won the auction” for the team. Mike Ozanian of Forbes reported earlier in the day, however, that they haven’t “won” anything. They merely remain the last group standing and that they have submitted a “non-binding indication of interest,” which, as the name suggests, means very little formally. They’re still seeking funding sources. Ozanian reports that the Glavine-Romney team is out.
That’s all a bit confusing, but given how team sales tend to go — slowly, with pretty established and plugged-in sports business types deliberately reporting the progress of negotiations — Ozanian’s report feels a bit more credible. Either way, I’d say it’s way, way too early to photoshop a Marlins cap on old pictures of Derek Jeter just yet.
UPDATE: Then there’s this:
Which does make it sound more official, but leaves open the question of whether Jeter and Bush have the money together.