MIAMI – Derek Jeter and Jeb Bush still haven't touched all the bases in their bid to buy the Miami Marlins. Far from it.
Multiple groups have submitted bids to buy the team, and none has yet been accepted, baseball Commissioner Rob Manfred said Tuesday. His comments came after Bloomberg reported a group led by former New York Yankees captain Jeter and former Florida Gov. Bush won an auction for the team with a $1.3 billion bid.
"There are multiple groups interested in acquiring the Marlins," Manfred said in Pittsburgh while attending the Pirates-Cubs game. "One of those groups is the Bush-Jeter group. When we have a resolution as to which bid is going to be accepted, we will announce that."
Completion of any sale by Marlins owner Jeffrey Loria could take months and would require approval by at least 75 percent of the 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.
Quogue Capital investment fund founder Wayne Rothbaum has also pursued the Marlins, and talks with him might be restarted.
Associated Press
