Multiple groups have submitted bids to buy Marlins
MIAMI | Baseball Commissioner Rob Manfred says multiple groups have submitted bids to buy the Miami Marlins, and none has yet been accepted.
Manfred’s comments came after Bloomberg reported a group led by former New York Yankees captain Derek Jeter and former Florida Gov. Jeb Bush won an auction for the team with a $1.3 billion bid.
Completion of any sale by Marlins owner Jeffrey Loria could take months and would require approval by at least 75 percent of major league teams. More than half of the winning bid could involve cash because of MLB’s debt service rule, meaning the Bush/ Jeter group would need to raise a lot of money.