When you have the RE2PECT of the business world.
The Sherman-Jeter group, which also includes former National Basketball Association great Michael Jordan, beat out a contingent led by Miami businessman Jorge Mas.
Miami Marlins owner Jeffrey Loria has agreed to sell the team to a group of investors, which include the former New York Yankees shortstop, The Miami Herald’s Barry Jackson reported Friday, citing a Major League Baseball source. The deal will still have to approved by three-quarters of baseball’s owners. National Basketball Association legend Michael Jordan also is among the 16 investors in the group. They’v all come together to purchase the team from current owner Jeffrey Loria for approximately $1.2 billion dollars.
According to the Post, Jeter’s interest in being a team executive is fueled by a desire to one day buy a franchise on his own, much like how Jordan was a Washington Wizards executive and then eventually bought the Charlotte Bobcats. One detail Heyman added was that the Jeter group will likely remove the home run sculpture in left-center field.
“Sherman, a wealthy venture capitalist who has a home in NY and is building a home in South Florida, will be the ‘control person, ‘ similar to a managing general partner”, Jackson wrote.