Multiple groups have sub­mit­ted bids to buy Mar­lins

The Washington Times Daily - - SPORTS -

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.

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