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Jim Furtado
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Franchise Sale Newsbeat

Thursday, February 09, 2017

Miami Marlins Claim To Have $1.6 Billion Handshake Agreement For Team

Two sources who spoke on the condition of anonymity said that Miami Marlins president David Samson has said that there is a $1.6 billion “handshake agreement” for the MLB team. Jeffrey Loria paid $158 million for the baseball team in 2002.
...
My sources would not say who the $1.6 billion handshake agreement was with other than he is a real estate developer based in New York City. The problem, according to these sources, is the potential buyer is not liquid, meaning he does not have the cash to buy the Marlins because his net worth is tied up in real estate. Thus, for the real estate developer to purchase the Marlins would likely require more debt than MLB would be comfortable with.

Jim Furtado Posted: February 09, 2017 at 01:54 PM | 11 comment(s)
  Beats: franchise sale, marlins

 

 

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