David Samson

Jeter 4 percent stake in Marlins, who will have $400M debt

Derek Jeter has about a 4 percent stake in the group buying the Miami Marlins and retired NBA great Michael Jordan approximately half of one percent, part of a $1.2 billion purchase from Jeffrey Loria that includes $800 million in cash.

Bruce Sherman, who will become the controlling owner, has the highest equity stake in the group, about 46 percent according to details obtained by The Associated Press. The figures were provided by a person who spoke on condition of anonymity because they had not been announced.

Jeter, the former New York Yankees captain who led the team to five World Series titles, will head the team's baseball and business operations.

"He...

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