by Anthony Noto

Derek Jeter reportedly has secured the financial backing he needs to execute his bid for the Miami Marlins.

Multiple media outlets are reporting that the former New York Yankee captain’s fundraising efforts in pursuit of the acquisition of the Major League Baseball team have been successful. That would position Jeter favorably relative to two other noted bidding groups, neither of which is said to have met the $1.3 billion asking price for the Marlins (h/t the Miami Herald).

According to the New York Post, Miami businessman Jorge Mas could still foil the former shortstop’s plans. However, Jeter is believed to be Marlins owner Jeffrey Loria’s favored pick.

Loria is 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 has to 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 is 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.


Please enter your comment!
Please enter your name here