Derek Jeter has officially become a minority owner of the Miami Marlins, according to multiple media reports.

The former New York Yankees captain, and current Players Tribune publisher, has plans to run both the business operations side and the baseball operations side — something that hardly happens in sports, according to CBS Sports.

The news comes roughly a month after it was revealed that Jeter had secured the financial backing he needed to execute his bid (h/t the Miami Herald).

Miami businessman Jorge Mas attempted to foil the former shortstop’s plans. However, Jeter was rumored to be Marlins owner Jeffrey Loria’s favored pick.

Loria was looking to sell the Marlins for $1.3 billion. He bought the franchise for $158 million in 2002. Forbes has valued the franchise at $940 million.

The Kushner family, the New York real estate family with ties to President Donald Trump, was considering buying the Marlins from Loria earlier this year. Jared Kushner is a senior adviser to Trump and is married to Ivanka Trump, the president’s daughter.

Jeter, who spent his entire 20-year MLB career in Yankees pinstripes, is being advised by Greg Fleming, a former senior executive at Morgan Stanley.

In addition to competing with Mas, Jeter outbid Tagg Romney — son of 2012 presidential candidate Mitt Romney and managing partner at Boston-based Solamere Capital. However, Romney reportedly is short on cash as well.

Romney’s group was said to include Atlanta Braves Hall of Fame pitcher Tom Glavine.

Jeter had originally teamed with former Florida Gov. Jeb Bush in pursuit of a Marlins deal but Bush has since dropped out of the consortium.


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