Inside Sports

Jeffrey Loria reportedly agrees to sell Marlins for $1.2B to group led by Derek Jeter, Bruce Sherman

Jeffrey Loria reportedly agrees to sell Marlins for $1.2B to group led by Derek Jeter, Bruce Sherman

MIAMI (AP) — Derek Jeter wins again.

The Miami Marlins told Major League Baseball they intend to sign an agreement to sell the team to a group that includes the former New York Yankees captain, a person familiar with the negotiations said Friday.

Jeter would be a limited partner in the group led by venture capitalist Bruce Sherman, said the person, who confirmed the Marlins’ plans to The Associated Press on condition of anonymity because the team had not commented.

The Marlins’ months-long sale saga included many twists before owner Jeffrey Loria settled on the popular Jeter, who led the Yankees to five World Series championships before retiring after the 2014 season.

The person speaking on condition of anonymity said MLB was told Loria’s sale price will be about $1.2 billion to the group, which includes more than 10 entities.

Among them is Sherman, who will be the controlling owner, the person said. Sherman has spent much of his financial career in New York and has a home in Naples, Florida.

Jeter will be in charge of baseball operations, said the person, who added the Marlins told MLB they intended to sign the sale agreement Friday night.

“It will be an honor to play for a future Hall of Famer,” Marlins outfielder Marcell Ozuna said in Spanish after Friday night’s win over the Colorado Rockies. “Hopefully he will bring harmony and winning tradition we have been accustomed of him.”

The Jeter-Sherman group beat out two other groups that pursued the team in the final weeks of negotiations. One group was led by South Florida businessman Jorge Mas, and another included former Florida Gov. Jeb Bush, who recently halted his pursuit of a deal.

Baseball Commissioner Rob Manfred said a month ago that all three groups offered about the…

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