The Associated PressMIAMI (AP) — Miami Marlins president David Samson said a signed agreement has been submitted to MLB to sell the franchise to a group that includes former New York Yankees captain Derek Jeter, and the team expects to close on the deal in early October.
The MLB ownership committee will review the transaction Wednesday at an owners’ meeting in Chicago, Samson said Saturday. He anticipates major league owners will approve the deal in September and closing will take place shortly after the end of the regular season.
Jeter plans be a limited partner in the group led by venture capitalist Bruce Sherman, who will be the controlling owner. Jeter, a 14-time All-Star shortstop, will be in charge of the business and baseball operations, Samson said.