Latest On Marlins’ Sale Efforts

Posted: April 25, 2017 in Uncategorized
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Casting doubts on recent reports of keen interest from multiple bidding groups, Mike Ozanian of Forbes writes that the Marlins are currently drawing attention from just one potential suitor. And even that group — a team of investors led by Derek Jeter and Jeb Bush — has only yet made a “non-binding indication of interest” and is still hunting for cash to support a bid.

According to Ozanian, other potential bidders have not continued their initial pursuit of a deal with current Marlins owner Jeffrey Loria. Former hurler Tom Glavine was said to have joined forces with Tagg Romney (Mitt’s son), but that pairing has apparently fizzled already. That’s particularly problematic, per the report, since the group held out the promise of bringing a significant amount of cash to the table.

We have heard talk at times of at least one more possible challenger to take the reins in Miami. But Ozanian says that interest has also seemingly dried up beyond the two recognizable bidding groups noted above. There’s doubt, it seems, as to where an alternative to the Jeter/Bush team might come from.

If there’s truly just one passable pursuer of the organization, that surely doesn’t bode well for Loria’s sale price. As the report notes, there already seems to have been a precipitous fall in the numbers being discussed publicly. Just ten weeks ago, the club was said to be headed for a $1.6B sale.

from MLB Trade Rumors http://ift.tt/2pf2FYI
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