A signed $1.2 billion (U.S.) agreement was submitted to Major League Baseball last month to sell the Marlins to a group led by Sherman, a venture capitalist who will be the controlling owner. Major league owners on Wednesday approved the sale of the team by Jeffrey Loria to an investment group led by Jeter and Bruce Sherman, two people familiar with the vote said. Derek Jeter, Jeb Bush partnering on Miami Marlins bidThe Marlins have endured another disappointing year and are assured of their eighth consecutive losing season, the longest streak in the majors. He bought the franchise for $158.5 million in 2002 from John Henry, part of the Boston Red Sox ownership group that has celebrated three World Series titles. The Jeter-Sherman group beat out two other groups that pursued the team in the final weeks of negotiations.

Source: thestar September 27, 2017 22:41 UTC