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Jeffrey Loria Newsbeat

Friday, April 28, 2017

Fox Business: Latest On Jeb & Jeter Marlins Bid

Still some hurdles to clear:

Making the cash raise easier for the duo is that they have the support of just about every owner in baseball who will see the value of their team soar if they are successful, according to people with knowledge of the matter. Indeed, if the $1.34 billion deal is completed, baseball’s most valuable franchise, the New York Yankees, would be valued at around $5 billion, a 56 percent increase from its estimated value of about $3.2 billion, these same people say.
.  .  .
Jeter and Bush are expected to invest no more than $200 million combined, which means they will have to raise between $800 million and $900 million in cash to complete the purchase under the guidelines of major league commissioner Rob Manfred, who won’t approve a deal with a high level of debt.

The task will be a difficult one if Jeter and Bush want to remain as the principal owners of the team—and not give up operating control to other investors—given how much money they will need to raise, baseball executives tell FOX Business.

“How many people are willing simply to write a $100 million check and not have a say in running the team?” said one senior baseball executive who spoke on the condition of anonymity. “We all want them to succeed because Jeb and Jeter would be great for baseball, but it won’t be easy.”

You’d think it’d be an honor just to be asked to write a $100M check to Derek Jeter.


Tuesday, April 25, 2017

Marlins expecting to finalize $1.3B deal to sell team to Jeb Bush, Derek Jeter group

Miami Marlins owner Jeffrey Loria reached an agreement in principle to sell the team to a group led by former Florida Governor Jeb Bush and including former New York Yankees star Derek Jeter, pending Major League Baseball approval and other details to be worked out in the drawing up and execution of a contract, according to an MLB source.

According to the source, Bush’s group has agreed to pay $1.3 billion for the team.

A source said the Marlins and Bush group are very optimistic a deal will be finalized, but the process could take months to conclude.

Bush plans to be the Marlins’ “control person,” the individual who would have ultimate control over franchise decisions, according to the source.

Jeter, the former All-Star player who lives in Tampa, plans to take an active role with the franchise.

Bush’s group includes at least five investors, and it’s unclear which of those investors has the most money invested in the bid.

RoyalsRetro (AG#1F) Posted: April 25, 2017 at 03:24 PM | 132 comment(s)
  Beats: derek jeter, franchise sale, jeb bush, jeffrey loria, marlins

Wednesday, April 19, 2017

WashEx: Jeb Bush looks to Derek Jeter to help buy Miami Marlins

What a team: Jeter couldn’t go to his left; Jeb! couldn’t go right. Sad!

Once rivals in their pursuit to purchase the Miami Marlins, former Florida Gov. Jeb Bush is teaming up with retired New York Yankees star shortstop Derek Jeter to bid for the baseball team.

Marlins owner Jeffrey Loria has been entertaining offers for the team, which moved to Miami in 2012 and changed its name from the Florida Marlins to the Miami Marlins. With Jeter and Bush, New York financier and manager of Quogue Capital, Wayne Rothbaum, have expressed interest in buying the team, according to the Miami Herald.

Bush, who ran an unsuccessful campaign to become the 2016 Republican presidential nominee, lives southwest of Miami in Coral Gables. Meanwhile, Jeter purchased a house in Tampa in 2014.

Renegade (((JE))) Posted: April 19, 2017 at 09:01 PM | 21 comment(s)
  Beats: derek jeter, jeb, jeffrey loria, marlins, sad

Thursday, April 06, 2017

Derek Jeter, Jeb Bush Among Billion-Dollar Marlins Bidders

How much is an outfield bar and associated businesses worth?

At least three possible bidders have emerged to purchase the Miami Marlins baseball team including one representing the country’s most prominent political family, and one representing a future Hall of Famer, the FOX Business Network has learned.

Former New York Yankees star shortstop Derek Jeter has expressed interest in bidding for the team, according to people with direct knowledge of the matter. He is being represented in talks with Marlins president David Samson by veteran Wall Street executive and former Morgan Stanley (MS) brokerage chief Gregory Fleming, who now runs his own investment banking boutique, the people say.

Another major contender is a group headed by former Florida Governor and one-time GOP presidential candidate Jeb Bush, who is teaming up with Citigroup (C) to finance a possible official bid, these people add.

 


Wednesday, February 15, 2017

Report: Jeffrey Loria being considered as U.S. Ambassador to France

France is rumored to be offering the Eiffel Tower to other countries in return for prospects.

Marlins owner Jeffrey Loria is reportedly being considered as the U.S. ambassador to France.

According to the New York Post, President Donald Trump’s Chief of Staff Reince Preibus has recommended Loria for the position. 

However, there is reportedly internal discussions between Preibus and Secretary of State Rex Tillerson about who should get the ambassador positiions.

RoyalsRetro (AG#1F) Posted: February 15, 2017 at 05:52 PM | 34 comment(s)
  Beats: jeffrey loria, marlins

Friday, February 10, 2017

The glorious exit of Jeffrey Loria, the worst owner in sports

Jeff Passan on the potential sale of the Marlins.

Mercy was not the exclusive domain of the Ninth Circuit on Thursday. Early in the day, simultaneous feelings of joy and fury accompanied the Forbes report that Loria had agreed to sell the Miami Marlins to an unnamed buyer for $1.6 billion. Joy because the owner who played arsonist to his own franchise was relinquishing his Zippo. And fury because one of the worst owners in sports had turned a $158.5 million investment into something worth 10 times as much, an example other owners with similarly feeble consciences may be tempted to copy.

Jim Furtado Posted: February 10, 2017 at 02:25 PM | 35 comment(s)
  Beats: jeffrey loria, marlins, ownership

Tuesday, December 20, 2016

How Marlins owner Jeffrey Loria continues to outfox us all

Best regards.

Meanwhile, a clause in the contract struck between the Marlins and local government in 2009 would have forced the Marlins to share a massive 70 percent of the proceeds from a franchise sale the next year; that figure dropped all the way to 5 percent by 2014, and would amount to a fraction of that now, according to last week’s report by the Miami Herald. In essence, Loria engineered a deal that handcuffed Miami into supporting him at all costs for five years, followed by him being able to sell the team thereafter with the city and county deriving almost nothing from the sale.

The stage is now set. The Marlins will host the MLB All-Star Game in July 2017. Loria will be 76 years old. He will have owned controlling stakes in major league franchises in four different presidencies. He has a World Series ring. He has a shiny, new stadium in a large market, and the untouchable status that comes with owning one of 30 franchises in MLB’s cartel, one protected by an antitrust exemption, with revenue streams and franchise values surging, year after year. He will have thrust himself in position to make more money than even the sharpest business minds could ever dream of reaping from one series of transactions—let alone while doing so in professional sports.

For nearly two decades, Jeffrey Loria has outfoxed everyone in his path, en route to gargantuan riches. Maybe the next time a benevolent sports owner comes along, we won’t be so easily duped.

RoyalsRetro (AG#1F) Posted: December 20, 2016 at 02:40 PM | 15 comment(s)
  Beats: jeffrey loria, marlins

Friday, December 16, 2016

Jeff Loria Open to Considering Selling the Marlins

Rob Manfred would consider being open to Jeff Loria being open to considering a sale of the Marlins…IFF the price is right.

Now all they need is Bob Barker. And a new ballpark.

Bote Man Posted: December 16, 2016 at 10:37 PM | 18 comment(s)
  Beats: jeffrey loria, loria, marlins, sucks

 

 

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