Miami Marlins owner Jeffrey Loria is finalizing an agreement to sell the team to a group that includes former New York Yankees shortstop Derek Jeter for $1.2 billion, a source confirmed to ESPN Friday. The deal is likely to be announced "in the coming days,'' the source said.
The Miami Herald was first to report the pending agreement between Loria and a group headed by Bruce Sherman, a New York venture capitalist who heads a contingent of about 16 investors. Sherman will be the control person for the Marlins' new ownership group and represent the organization at MLB meetings, while Jeter -- who is reportedly investing about $25 million of his own money -- will run the baseball side of the operation, the Herald reported.