Marlins confirm $1.2 billion deal to sell to Jeter group

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"But Jeter, the former New York Yankees star shortstop, will run the business and baseball sides of the organization, the source said".

The person confirmed the Friday night signing to The Associated Press on condition of anonymity because the Marlins have not confirmed the agreement.

The runner-up for the bid, Miami-based businessman Jorge Mas, will join the Jeter-Sherman group according to Jon Heyman of FanRag Sports.

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Samson, who confirmed the purchase price of $1.2 billion, said Saturday that the deal will be voted on in September and if passed it would be signed in October. However, Sherman will be designated as the control person. Can Jeter really compete with the analysts, businessmen, and technocrats who run most Major League Baseball teams today? There could be moves made this off-season, if the ownership group is approved by Major League Baseball. Sherman has spent much of his financial career in NY and has also lived in Naples, Florida. Loria is becoming more and more unpopular by the day in South Florida after the team moved into its new stadium that was largely financed by the public and fielded players with payrolls amongst the lowest in baseball. Several groups were interested, but the Jeter-Sherman team beat out two other rivals in the final weeks of negotiations. "It was very important from Jeffrey's standpoint that there was an ownership group that had not just connections to Miami, but an understanding of what it means to be here in Miami and run a team like the Miami Marlins, and all the possibilities that come with being in a great city like ours", added Samson.

"I think time will show that through thick or thin, his commitment to Miami never wavered", Samson said.

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