Jeb Bush Pulls Out Of Miami Marlins Deal After Clashing With Derek Jeter

By on May 30, 2017 in ArticlesSports News

In April, Jeb Bush and Derek Jeter were part of a group that agreed in principle to buy the Miami Marlins. That group is still pursuing a bid, but they'll be doing it without the former governor of Florida. Jeb Bush backed out of the deal and has reportedly "ended his participation in sales talks," according to the Associated Press.

The main reason for Bush's departure is control. He only had about $20 million of his own money included in the potential deal, and Jeter and the rest of the group wondered how involved he'd be with such a small amount invested.

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Jeter is reportedly still interested in purchasing the team even with Bush out of the picture, and in fact, will likely seek even more control. The initial plan was for Jeter to handle baseball operations while Bush took care of the business side of things, though Jeter may be more hands-on now.

Though Jeter will look to team up with other investors, the new frontrunner for purchasing the Marlins is a group led by Tagg Romney, son of former presidential nominee Mitt Romney. That purchasing group also includes former pitcher Tom Glavine.

Jeffrey Loria bought the Marlins in 2002 for $158.5 million. The bid from Jeter's group was around $1.3 billion.

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Articles Written by Joey Held
If there's a story anywhere in the world of music, sports, or entertainment, Joey wants to tell it. He's been freelancing since 2010, and prior to that, he attended the University of Miami, where he double majored in broadcast journalism and sport administration. A Chicago native, Joey currently resides in Austin, TX. Follow him on Twitter and always feel free to suggest a song for his next karaoke performance. Joey's favorite billionaire is Mark Cuban.
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