Bruce S. Sherman, the Naples billionaire who provided the critical financing that helped Derek Jeter buy the Miami Marlins for $1.2 billion on Friday, is a newcomer to the professional sports arena who built his fortune in asset management before retiring in 2009.
Sherman, 69, is reported top be ponying up several hundred million dollars toward the purchase, while the former Yankee shortstop is contributing $25 million.
In an interview with the Naples Daily News in 2009, Sherman said he grew up in a middle-class neighborhood in Queens, N.