The Miami Herald first reported that Marlins owner Jeffrey Loria had agreed to sell the team for $1.2 billion on Friday evening, to a group led by investor Bruce Sherman and the former Yankee shortstop.
The runner-up for the bid, Miami-based businessman Jorge Mas, will join the Jeter-Sherman group according to Jon Heyman of FanRag Sports.
Derek Jeter will soon return to Major League Baseball like a boss.
Specifically, Jeter said he would like to be an owner like the late George Steinbrenner, whom Jeter played under for 16 seasons.
Jeter resides in Tampa and has long had interest in owning a franchise.
The Sherman led group, which includes Michael Jordan the former great of the National Basketball Association, beat out a contingent that Jorge Mas a Miami businessman led.
An investment group led by a NY businessman and Players Tribune editor-in-chief Derek Jeter has made the winning bid to buy the Miami Marlins, according to multiple reports. Quogue Capital founder Wayne Rothbaum, who led a third group that included former Florida Gov. Jeb Bush, dropped out of the bidding earlier this week.
Loria has owned the team since 2002 and won the 2003 World Series by defeating the Jeter-led Yankees.