Tom Glavine Part Of Group Working To Purchase Marlins

Posted: April 22, 2017 in Uncategorized
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Hall of Fame pitcher Tom Glavine may be part of the Marlins’ next ownership team. The former Brave and Met is a member of a faction that has put in a bid to purchase the franchise from owner Jeffrey Loria, reports Scott Soshnick of Bloomberg. Solamere Capital co-founder Tagg Romney, son of 2012 Republican presidential nominee Mitt Romney, is at the helm of the group. Notably, Mitt Romney is not involved in this venture.

The exact price of the Romney group’s bid isn’t known, though Soshnick relays that offers for the Marlins currently range between $1.2 billion and $1.3 billion – an enormous increase over the $158MM Loria paid in 2002. Fifteen years later, Loria “wants to get out of it,” Glavine told Nick Cafardo of the Boston Globe. Glavine added that feels “very good” about the Romney offer, though the 51-year-old declined to disclose whether he’s committed to putting forth any money (Glavine made just under $130MM as a player, per Baseball Reference). Glavine’s also unsure of how long a potential sale might take to go through, but he did reveal that his main purpose has been to woo investors to the Romney side.

The 305-game winner went into further detail in his discussion with Cafardo, saying: “It’s been a lengthy process. I was contacted a couple of years ago by some people to ask whether I’d have an interest in doing something along these lines, and I certainly did. This Marlins situation came about last summer. After casual conversations and kicking tires it became apparent we could put people together and raise money.”

If the Romney-led team does succeed in buying the Marlins, it’s unclear which role Glavine would take with the franchise, but he would “certainly want” some sort of position.

“I’m not going to say I’m the GM, but I know the game pretty well,” said Glavine. “I understand it. There’s a lot on the business side that I don’t understand, so I’m open-minded about what the best role for me would be and what I like to do the most.”

Glavine informed Cafardo that he believes at least three groups have made efforts to secure the Marlins. Quogue Capital founder Wayne P. Rothbaum is at the helm of one, per reports from both Soshnick and Douglas P. Hanks of the Miami Herald. However, Soshnick’s information differs from Hanks’ with respect to a couple of other prospective buyers, ex-Yankees shortstop Derek Jeter and former Florida Governor Jeb Bush. Those two have teamed up to buy the Marlins, according to Hanks, but Soshnick notes that’s not yet the case. Instead, as of now, Jeter and Bush have only discussed working together, per Soshnick.

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