The group led by former Yankees captain Derek Jeter and former Florida Gov. Jeb Bush has reached an agreement to buy the Marlins, according to multiple reports.
The Jeter-Bush group has an agreement in principle to pay $1.3 billion for the team, according to a Miami Herald report that cited an unidentified source. Bloomberg first reported the Jeter-Bush group's bid had won out.
More details on Marlins sale,per source:There is agreement in principle, pending MLB approval & contract details.$1.3 billion price for team
— Barry Jackson (@flasportsbuzz) April 25, 2017
Current owner Jeffrey Loria bought the team in 2002 for $158 million, and estimates of what the team might sell for reached as high as $1.6 billion late in 2016 before dropping in recent months, according to Forbes.
Earlier in the day, Marlins president David Samson refuted a Forbes report that the Jeter-Bush group was the only one that remained interested.
Samson subsequently declined to comment on reports of the successful bid.
Marlins president David Samson, just now: "I have not commented on the process and plan to keep it that way." https://t.co/J7o72rjoHP
— Tim Healey (@timbhealey) April 25, 2017
MLB commissioner Rob Manfred confirmed the Jeter-Bush is among "multiple groups interested in acquiring the Marlins."
"When we have a resolution as to which bid is going to be accepted, we will announce that," Manfred told reporters in Pittsburgh prior to Tuesday's Cubs-Pirates game.
Other bidders included Quogue Capital founder Wayne Rothbaum and a group led by Tagg Romney, son of former presidential candidate Mitt Romney, that also included former MLB pitcher Tom Glavine.
Late in 2016, the family of President Donald Trump's son-in-law, Jared Kushner, reportedly had a handshake agreement to buy the team but that fell through.