Charlotte Hornets

Marlins owner Jeffrey Loria agrees to sell team to Derek Jeter’s group for $1.2 billion, reports say

Marlins owner Jeffrey Loria agrees to sell team to Derek Jeter’s group for $1.2 billion, reports say

The Miami Marlins sale saga has its next chapter, and maybe a conclusion.

Owner Jeffrey Loria agreed Friday to sell the team for $1.2 billion to a group that’s headed by Bruce Sherman — a retired money manager and longtime Naples resident — and highlighted by New York Yankees legend Derek Jeter, according to multiple reports.

The deal is not final yet, and likely won’t be for months. It will need approval from 21 of the other 29 major league team owners.

The Marlins and Major League Baseball, through spokesmen, declined to comment.

Jorge Mas, the other primary bidder for the team, has not been officially notified of Loria’s agreement with the Sherman/Jeter group, a...

67°