The ownership group led by former New York Yankees short stop Derek Jeter and New York businessman Bruce Sherman has been unanimously approved by current MLB owners, the league announced in a statement Wednesday.
Baseball makes it official: Owners unanimously approve #Marlins’ new ownership group, led by Bruce Sherman and Derek Jeter.— Ken Rosenthal (@Ken_Rosenthal) September 27, 2017
.@MLB announces owners have unanimously approved sale of #Marlins to Sherman-Jeter group. #MLB pic.twitter.com/JN9DkLLL1t— FOX Sports Florida (@FOXSportsFL) September 27, 2017
"I wish the best to Jeffrey Loria and David Samson," said commissioner Rob Manfred in a statement. "During their tenures, the Marlins won the 2003 World Series, hosted this season's successful All-Star Week at spectacular Marlins Park and eagerly supported our efforts to grow the game internationally. I congratulate Mr. Sherman on receiving approval from the Major League Clubs as the new control person of the Marlins and look forward to Mr. Jeter's ownership and CEO role following his extraordinary career as a player."
Jeter and Sherman reached an agreement with Jeffrey Loria in August to the tune of $1.2 billion, beating out several other contenders including Miami business man Jorge Mas and former Florida governor Jeb Bush. Loria has owned the team since 2002.
Ken Rosenthal also reported that “approval is contingent upon closing of sale with current owners of Marlins, which is expected within next week.” If the sale is closed, then Sherman will have 46% ownership and will be the control person, while Jeter will hold 4% and will run baseball operations.