A group of investors that includes New York Yankees great Derek Jeter and former Florida Governor Jeb Bush have reportedly reached an agreement to buy the Miami Marlins club.
According to Bloomberg and the Miami Herald, current owner Jeffrey Loria will receive $1.3 billion for the National League baseball organization, which makes for a pretty decent flip, considering he only paid $158 million for the Miami upstart in 2002.
For Jeter’s part, the move is a dream come true. He has long expressed a yearning to get into the business, saying during a Turn 2 Foundation event back in December that he had “made it very clear of ownership aspirations at some point.” The retired Yankee would add, “Who knows when that is, who knows if you get the opportunity. I hope I do. Well we are glad he has finally gotten a shot!