Marlins sign agreement to sell to Jeter group

The new Miami Marlins logo is seen over their dugout during an intrasquad spring training baseball game Sunday

Several groups were interested, but the Jeter-Sherman team beat out two other rivals in the final weeks of negotiations.

But Samson defended Loria, who has owned the team - now in its 25th season - longer than predecessors Wayne Huizenga or John Henry combined.

The Marlins confirmed Saturday they have a signed agreement with the Derek Jeter group to purchase the team.

New York-based venture capitalist Bruce Sherman is leading the purchase group. Bush. Jeb! and Jeter were originally in on an effort to buy the team together, but that attempt fell apart in a power struggle when Jeb! realized that Jeter wanted to run the business and baseball sides of the franchise.

The Marlins are not contending for a playoff spot now, but could be a playoff team next season with the right additions.

"Sherman, a wealthy venture capitalist who has a home in NY and is building a home in South Florida, will be the 'control person, ' similar to a managing general partner", Jackson wrote.

But for most Marlins fans, just punting Loria out the door is a victory in and of itself.

Heyman reports that Mas could invest up to $300 million, giving him a significant share within the franchise. There could be moves made this off-season, if the ownership group is approved by Major League Baseball.

But it does appear that the sale is much more likely to happen than it is not.

The Marlins were sold for $1.2 billion by owner Jeffrey Loria.

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