MLB Owners Approve Sale of Miami Marlins to Derek Jeter and Co.

Miami Marlins have new owners, since owners voted in favor of franchise's sale to Derek Jeter fronted ownership group.

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Miami Marlins are now in the hands of Derek Jeter. Ok, he isn’t the sole owner, but he is the most prominent member of the ownership group that has taken over the team. The last obstacle was getting the vote of owners, which happened on Wednesday. The vote was held via conference call and it the sale was approved unanimously.

I wish the best to Jeffrey Loria and David Samson,” – commented MLB commissioner Rob Manfred. “During their tenures, the Marlins won the 2003 World Series, hosted this season’s successful All-Star Week at spectacular Marlins Park and eagerly supported our efforts to grow the game internationally. I congratulate Mr. Sherman on receiving approval from the Major League Clubs as the new control person of the Marlins and look forward to Mr. Jeter’s ownership and CEO role following his extraordinary career as a player.

The previous owner Jeffrey Loria also released a statement revolving the sale, saying that “owning the Miami Marlins has been one of the singular honors” of his life.

Derek Jeter and Bruce Sherman will take control over the team in the coming days. They are expected to get immediately to work and re-build Marlins as a winning franchise. There are already rumors about the changes that will take place once Jeter and Sherman are in charge. Sherman will be the new control person while Jeter will run the Marlins’ baseball operations. It is expected that the new ownership will cut payroll next season, in order to get the finances straight. There may be also some cleaning of the front office, as there are rumors circling that Jack McKeon, Jeff Conine, Andre Dawson and Tony Perez could all find themselves on the chopping block.

The new owners paid $1.2 billion for the team that was originally purchased by Loria in 2002 for $158.2 million.