San Francisco Chronicle

Report: Marlins go to Bush-Jeter group

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Miami Marlins owner Jeffrey Loria has reached an agreement in principle to sell the team to a group led by former Florida Gov. Jeb Bush and including former New York Yankees shortstop Derek Jeter, the Miami Herald reported Tuesday, citing a Major League Baseball source.

The deal requires MLB approval and other details still to be finalized in the drawing up and execution of a contract.

Commission­er Rob Manfred said multiple groups have submitted bids to buy the team, and none has yet been accepted.

Completion of any sale 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.

According to the Herald’s source, Bush’s group has agreed to pay $1.3 billion for the team.

Bush plans to be the Marlins’ “control person,” the individual who would have ultimate control over franchise decisions, according to the source.

Jeter, who lives in Tampa, Fla., plans to take an active role with the franchise.

Bush’s group includes at least five investors, whose identity was not immediatel­y known. It’s also unclear which of those people has the most money invested in the bid, but a source reiterated that Bush will be the control person, similar to a managing partner.

Loria, according to the MLB source, does not plan to retain a piece of the team that he has owned since 2002.

Bush was informed this week that his offer was selected over bids from at least two others: New York businessma­n Wayne Rothbaum and a group led by Massachuse­tts businessma­n Tagg Romney, son of former Republican presidenti­al nominee Mitt Romney.

It’s unclear whether Bush’s group would significan­tly raise the Marlins’ $120 million payroll, which is the highest in team history and ranks 20th in baseball — a significan­t increase over the team’s $74 million payroll the previous season. Briefly: St. Louis first baseman Matt Carpenter was suspended for Tuesday’s game and fined by Major League Baseball for making contact with umpire John Tumpane after Carpenter’s ejection Sunday . ... Minnesota reliever Ryan O’Rourke will have surgery for a partially torn ligament in his left elbow. ... Houston outfielder Jake Marisnick has been placed on the seven-day concussion list after running into a wall while chasing a flyball at Tampa Bay on Sunday . ... Right-hander Zach Putnam has been placed on the 10-day disabled list by the White Sox because of inflammati­on in his pitching elbow.

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