Derek Jeter, Jeb Bush teaming up in attempt to buy Marlins, report says

Jeter and primary owner Bruce Sherman are expected to close the $1.2 billion transaction with Jeffrey Loria in the next week.

Derek Jeter andformer Republican presidential candidate Jeb Bush were once competitors to buy the Marlins but now the two men will unite in an attempt to buy the franchise, according to the Miami Herald.

The duo is now up againstNew York financier Wayne Rothbaum, manager of Quogue Capital, the Herald says. According to multiple reports earlier this month, Jeter is involved in discussionswith Marlins president David Samson and has retainedveteran Wall Street executiveGregory Fleming to represent his interests. The 14-time MLB All-Star retired from the Yankees in 2014 and has saidit is his "ultimate aspiration" to own a professional sports team.

Current Marlins owner Jeffrey Loria has been looking to get out of the baseball business and reportedlyhad a"handshake agreement" to sell the Marlins to the family of Jared Kushner, the son-in-law of and White House adviser to President Donald Trump. That deal, reported at $1.6 billion, was tabledwhen Loria was rumored as a candidate for U.S. ambassador to France and theKushners said they would pull the bidto avoid the perception of a quid pro quo withTrump's administration.

It's not clear whether the Kushner family maintains interest in purchasing the franchise. Loria has not taken the ambassadorposition.

Jeter, 42, has a home in Tampa, Fla., and has been rumored to have interest in the sales of franchises in othersports leagues, including the NFL's Buffalo Bills. He earned$269 million in salary during his 20-season playing career,according to Forbes— a figure that surpasses $400 million when factoring innumerous lucrative endorsement deals.

MORE: Marlins lose combined no-hitter with one out in ninth inning

Bush, a former Florida governor, expressed interest in ownership of the Marlins in 2013. His brother,George W. Bush owned the Rangers before becomingU.S. president.

Loriapaid$158 million for the Marlins in 2002. In its most recent valuation in 2016, Forbes estimated the franchise is now worth$675 million.

What to read next

By using Yahoo you agree that Yahoo and partners may use Cookies for personalisation and other purposes