CBS Miami · Apr 27, 2017
Following The Miami Marlins Money Trail
MIAMI (CBSMiami) – Now that Marlins owner Jeffrey Loria has reportedly reached an agreement to sell the team we’re on the money trail.
From the value of the team to the cost of the stadium and the pending sale, CBS4 sports anchor Jim Berry broke down the numbers.
When it comes to baseball, Loria is making money but not friends.
In 1999, he put up $12 million for a stake of the Montreal Expos. Eighteen years later, he could leave Miami with a billion bucks.
Loria bought the Marlins for $158 million – a deal that cost him zero out of pocket.
Loria got an interest-free loan of $38 million from Major League Baseball. That was after the league bought his Expos for $120 million.