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Derek Jeter and his group of investors have come to an agreement with Jeffrey Loria to buy the Miami Marlins for $1.2 billion, according to a report from Barry Jackson of the Miami Herald.
Jeter's group felt they were in a good position to land the deal after a group including former presidential candidate Jeb Bush dropped out on Thursday, and now it looks like they have outlasted the only remaining bidder, billionaire businessman Jorge Mas to win the bid.
Bid - Price - Loria - Sale - Loria
The bid still falls short of the initial asking price of $1.3 billion that Loria had hoped to get in the sale. Loria bought the Marlins in 2002 for $158.5 million.
Jeter is believed to be contributing $25 million of his own money towards the sale.
Jeter - Team
Jeter's team reportedly consists of...
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