Jeb Bush, Derek Jeter Named ‘Preferred Bidders’ To Purchase Miami Marlins Franchise

By  //  April 25, 2017

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ABOVE VIDEO: Gasparino – Derek Jeter and Jeb Bush are preferred bidders for Marlins

(FOX BUSINESS) – An investment team led by former New York Yankees star Derek Jeter and former Florida Governor Jeb Bush have been declared the “preferred bidder” to purchase the Miami Marlins baseball team, FOX Business has learned.

The price tag for the deal, which as of Monday has yet to be finalized, is said to be approximately $1.2 billion, according to people with direct knowledge of the matter. FOX Business had previously reported the deal range was $800 million to $1.6 billion.

Marlins’ current owner Jeffrey Loria has expressed interest in selling the team since late last year. He paid $158 million for the team back in 2002. The scarcity of Major League Baseball teams for sale could help him fetch him a premium.

As the deal moves towards being finalized, other potential bidders are still looking for a way to keep the process alive. One of those includes an investment group led by Tagg Romney, the son of former 2012 GOP presidential candidate Mitt Romney.

The younger Romney is the managing partner at Solamere Capital, a Boston-based investment firm.