Baseball for the Thinking Fan

Login | Register | Feedback

btf_logo

News

All News | Prime News

Old-School Newsstand


Contributors

Jim Furtado
Founder & Publisher
Repoz
Editor - Baseball Primer

Syndicate

Jeffrey Loria Newsbeat

Friday, August 11, 2017

Loria agrees to sell Miami Marlins to Sherman and Jeter, source says

Miami Marlins owner Jeffrey Loria has agreed to sell the franchise for $1.2 billion to a group led by New York businessman Bruce Sherman and former New York Yankees star Derek Jeter, and Major League Baseball is expected to receive the written agreement on Friday, according to a New York based MLB source.

Sherman, a wealthy venture capitalist who has a home in New York and is building a home in South Florida, will be the “control person,” similar to a managing general partner.

But Jeter, the former New York Yankees star shortstop, will run the business and baseball sides of the organization, the source said.

RoyalsRetro (AG#1F) Posted: August 11, 2017 at 04:14 PM | 31 comment(s)
  Beats: derek jeter, jeffrey loria, marlins, sale

Monday, July 10, 2017

Now the Marlins Are Suing a Fan to Seize His $725,000 Building

I’m starting to think Jeffrey Loria might be a bad dude.

So how could Loria further embarrass Major League Baseball before the All-Star Game tomorrow? Well, here’s a hell of a good way: by taking a fan to court to try to seize his property.

That’s exactly what the Miami Marlins owner is doing, according to court records obtained by New Times. Loria’s team is suing a fan named Kenneth Sack in Broward County to take a $725,000 building he owns in Oakland Park — all as part of the same ugly dispute that has led the team to sue at least nine season ticketholders and luxury-suite owners since 2003.

It’s almost unheard-of for professional sports teams to sue their own fans. Going even further to ask a judge to seize a fan’s property is the sort of supremely petty move that only Loria’s regime could cook up.

“I don’t understand why Major League Baseball continues to allow Jeffrey Loria to behave like this,” says Daniel Rose, an attorney representing another former season ticketholder locked in a legal battle with the team. “At the end of the day, what is the motive to go after fans like this? It just shows their greed and a complete lack of respect for their fan base.”


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.

 


 

 

News

All News | Prime News

Old-School Newsstand


BBTF Partner

Support BBTF

donate

Thanks to
Dingbat_Charlie
for his generous support.

Bookmarks

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogOTP 14 August 2014: The American Pastimes of Rock ’n’ Roll, Baseball and Poetry
(2469 - 1:33am, Aug 19)
Last: zenbitz

NewsblogArthur: Buster Posey Has Quietly Become A Lock For Cooperstown
(28 - 1:23am, Aug 19)
Last: QLE

NewsblogOMNICHATTER eats punks like you for breakfast, for August 18, 2017
(121 - 1:20am, Aug 19)
Last: LA Podcasting Hombre of Anaheim

Sox TherapyThe Gauntlet
(67 - 1:18am, Aug 19)
Last: Jose is El Absurd Bronson Y Pollo

NewsblogRed Sox want to do away with 'racist' legacy of famed Yawkey Way
(57 - 12:49am, Aug 19)
Last: Jay Seaver

NewsblogSummer Top-100 Prospects | FanGraphs Baseball
(15 - 11:14pm, Aug 18)
Last: Tim M

NewsblogOT: New Season August 2017 Soccer Thread
(146 - 11:13pm, Aug 18)
Last: Tulo's Fishy Mullet (mrams)

NewsblogJoey Votto on base twice for 20th game in row | MLB.com
(36 - 10:25pm, Aug 18)
Last: John DiFool2

NewsblogTwins Byron Buxton evolving as a hitter | MLB.com
(18 - 10:21pm, Aug 18)
Last: DavidFoss

NewsblogMLB Commissioner says approval for sale of Miami Marlins is on track | Miami Herald
(7 - 9:45pm, Aug 18)
Last: The Yankee Clapper

NewsblogTaking Back the Ballparks - Rangers voting thread
(37 - 7:50pm, Aug 18)
Last: cardsfanboy

NewsblogJered Weaver Announces Retirement | MLB.com
(31 - 7:42pm, Aug 18)
Last: Walt Davis

NewsblogNomar Mazara has five RBIs for Rangers | MLB.com
(10 - 7:08pm, Aug 18)
Last: Walt Davis

NewsblogSkunk in the Outfield
(22 - 6:35pm, Aug 18)
Last: Khrushin it bro

Gonfalon CubsNow or Never
(89 - 6:16pm, Aug 18)
Last: Meatwad

Page rendered in 1.4866 seconds
70 querie(s) executed