A report by Scott Shosnick of Bloomberg, says a group led by former Florida governor Jeb Bush and former New York Yankees shortstop Derek Jeter have won the auction to purchase the Miami Marlins, according to a person with knowledge of the deal.
The person requested anonymity because the sale contract hasn’t been signed. The person declined to say how much the group paid for the team, which is owned by New York art dealer Jeff Loria.
There have been rumors circulating about the sale of the Marlins going back to the end of last season. One report by Forbes even cited a bid for as much as $1.6 billion last February. That would be a hefty profit for Loria who paid just $158 million for the team in 2002.
The Marlins have had five winning seasons, one playoff appearance, and one World Series victory since Loria bought the team. Under his ownership, the team moved into Marlins Park in 2012 which cost taxpayers $639 million.
The Miami Marlins have declined to comment.