Marlins Reportedly Have A Deal To Sell Franchise For $1.6 Billion

Marlins Reportedly Have A Deal To Sell Franchise For $1.6 Billion,

Photo by Steve Mitchell-USA TODAY Sports

The Miami Marlins might finally be saved.

Jeffrey Loria, the meddlesome and controversial owner who once sued his own fans, is reportedly going to get $1.6 billion for the team, according to Forbes. David Samson, the team’s president, has been going around telling people that there’s a “handshake agreement” in place to sell. If it happens, Loria will turn a huge profit. He bought the Marlins for $158 million in 2002.

While the Marlins won the World Series in 2003, they’ve generally been a giant mess under Loria’s stewardship. They built a publicly financed stadium, which brought with it an SEC investigation into its financing and no crowds. The Marlins played poorly for many years and continually had one of baseball’s lowest payrolls despite documents later proving they were doing just dandy financially. The players association has pressured them for years to spend more.

But lest Marlins fans rejoice too soon, the sale seems to be on some shaky ground. Forbes reports that the potential buyer, who is not known, is a New York real estate developer who has liquidity issues.

“Thus, for the real estate developer to purchase the Marlins would likely require more debt than MLB would be comfortable with.”

Samson told the Miami Herald he has no comment.

So close, yet so far.

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