Derek Jeter Showing Interest In Bidding on the Miami Marlins
Earlier this week, Fox Business reported:
It’s opening week for Major League Baseball and a multibillion-dollar bidding war could soon start over one of the worst franchises in the sport. At least three possible bidders have emerged to purchase the Miami Marlins baseball team including one representing the country’s most prominent political family, and one representing a future Hall of Famer, the FOX Business Network has learned.
Former New York Yankees star shortstop Derek Jeter has expressed interest in bidding for the team, according to people with direct knowledge of the matter. He is being represented in talks with Marlins president David Samson by veteran Wall Street executive and former Morgan Stanley (MS) brokerage chief Gregory Fleming, who now runs his own investment banking boutique, the people say.Another major contender is a group headed by former Florida Governor and one-time GOP presidential candidate Jeb Bush, who is teaming up with Citigroup to finance a possible official bid, these people add.
This is pretty cool. That’s awesome for Jeter. Obviously the Yankees aren’t for sale and he probably couldn’t afford them so the Marlins are a good option. Derek Jeter isn’t the only one with the Miami Marlins in his crosshairs. A different major contender is former Florida Governor Jeb Bush, who is teaming up with Citigroup to finance a possible official bid for the team.
Another group showing interest in the team includes a number of businessmen backed financially by Goldman Sachs.
Jeter obviously doesn’t have the $800M-$1.6B that the Marlins organization will sell for. He’ll need the big deep pockets of execs at Morgan Stanley. How deep this group will go and how much trust they’re willing to put in Jeter will be interesting. No way he loses the bid to Jeb Bush though that’s for damn sure.