For months, there have been reports that there was a mysterious bidder interested in purchasing the Marlins. According to the Miami Herald, Jorge Mas, a South Florida businessman and philanthropist, is the mysterious third bidder that wants to buy the Marlins.
Along with Mas, former Yankees star shortstop Derek Jeter and businessman Tagg Romney are interested in buying the Marlins. Jeter and his business partner met with Commissioner Rob Manfred and Marlins president David Sampson on Wednesday, and it was revealed that Jeter doesn’t have the money to buy the Marlins at Jeffrey Loria’s asking price of $1.3 billion.
Romney also doesn’t appear to have the money that would complete the sale. However, Romney will be partnering with more people to help him strengthen his bid. According to FanRag Sports, Former Governor of Florida, Jeb Bush, and Quogue Capital Founder Wayne Rothbaum have joined Romney’s group. Bush was originally part of Jeter’s group, but he decided to leave after a dispute over who would be in charge of the team. Rothbaum was also trying to buy the Marlins on his own at one point in time.
According to a source close to the Miami Herald, Mas is willing to pay $200 million, but he is searching for investors to help him reach $1.3 billion.
Mas was named one of the 100 most influential Hispanics in the U.S. by Latino Leaders Magazine. He is the Co-Founder of MasTec, which is an engineering and construction company based in South Florida.
He is also Chairman of the Board for the Cuban American National Foundation, an organization that fights for a free and democratic Cuba. Mas attended the University of Miami, where he graduated with a bachelor’s and master’s degree in business administration.
The Marlins get $20 million from their local TV deal, which is the lowest in the MLB. They also have the third-worst attendance in all of baseball. Manfred does expect that the sale will be completed at some point.