Derek Jeter, Jeb Bush Group Reportedly Wins Auction to Purchase Miami Marlins

Adam Wells@adamwells1985Featured ColumnistApril 25, 2017

NEW YORK, NY - JULY 04: The logo on the batting helmet of the Miami Marlins before a game against the New York Mets at Citi Field on July 4, 2016 in the Flushing neighborhood of the Queens borough of New York City. (Photo by Rich Schultz/Getty Images)
Rich Schultz/Getty Images

The group of buyers led by Derek Jeter and Jeb Bush has reportedly won the auction to purchase the Miami Marlins.

Scott Soshnick of Bloomberg reported the auction results. Per Barry Jackson of the Miami Herald, the Marlins "are moving forward with the Jeb Bush/Jeter group and are optimistic deal will be reached for sale."

Jackson noted the sale price as $1.3 billion and added Bush would be the controlling owner with Jeter having an "active role." Forbes estimated the Marlins' value at $940 million.

Earlier on Wednesday, Mike Ozanian of Forbes reported the Jeter-Bush team was "running around looking to raise money" in an effort to purchase the Marlins.

Soshnick reported April 19 that bids for the Marlins were due the previous week and ranged from "between $1.2 billion and $1.3 billion."

Jeffrey Loria, who has owned the Marlins since 2003, became more "receptive to the possibility of selling" the franchise last December, per Jackson.

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