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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.

Hunter Pence exits game with apparent injury

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Rangers OF/DH Hunter Pence exited Sunday afternoon’s game against the Reds after suffering an apparent injury chasing down a ground-rule double hit by José Peraza in the fifth inning. The beat writers are suggesting it’s a groin injury, but we’ll have to wait for the Rangers to provide an update to know for sure.

Pence was 1-for-2 with a two-run home run on the afternoon before suffering the injury. He’s had a rebirth of a season, batting .294/.353/.608 with 15 home runs, 48 RBI, and 44 runs scored in 215 plate appearances.

Shin-Soo Choo and Pence were sharing both the DH spot and left field. If Pence needs to go on the injured list, Danny Santana would likely see an uptick in playing time, particularly in left field.