Details On Michael Jordan & Derek Jeter Bidding To Buy The Marlins

The MLB All-Star game isn’t the only thing going in Miami. According to the NY Post, Chicago Bulls legend & Charlotte Hornets owner Michael Jordan & New York Yankees legend Derek Jeter are leading an ownership group that is close to buying to the MLB team Miami Marlins for $1.2 Billion. With Jorge Mas, a billionaire & Miami native, offering $1.17 billion and a Tagg Romeny led group offering less than $1.2 Billion, the Jordan & Jeter led ownership group is the frontrunners to buy the Marlins with Miami Marlin current owner Jeffrey Loria having an asking price of $1.3 Billion, according to Barry Jackson of The Miami Herald.

Jeter has been pursuing this deal for awhile, previously partnered with Jeb Bush, whom is the former Governor of Florida. With that group not working out, Jeter decided to bring in more billionaires to the group , highlighted by Michael Jordan of course. Jeter’s new group does include 15 investors, with Michael Jordan not giving as much cash as the others, his name might be the most important here.

With the Miami Marlins expecting to lose $80 Million this year, as Claire Atkinson of the NY Post reported, a deal is expected to be made as soon as next week.