View single post by lobo316
 Posted: Sun Mar 5th, 2017 06:04 am
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Joined: Sun Oct 14th, 2007
Location: Raptorville
Posts: 45471
Before the calendar year flips from 2017 to 2018, the Miami Marlins will apparently have a new owner.

Current owner Jeffrey Loria, who reportedly had a "handshake agreement" in place to sell the club for $1.6 billion at the beginning of February, will sell the team before the end of the year, according to sources of Barry Jackson of the Miami Herald.

Loria has reportedly decided "it's time to move on from baseball," and barring any unforeseen circumstances, will sell before 2018 begins according to Jackson, who writes the Marlins are actively engaged in discussions with four groups and have had additional discussions with two others.

Jackson reports Major League Baseball is aware of the potential suitors, which consists of local and out-of-town investors, and mentions the Marlins would like a deal in place to sell the club within a few months, as well as wrap-up all negotiations before the year's end.

Loria purchased the Marlins for $158 million in 2002.

Since then, the franchise won the World Series in 2003, re-branded from the Florida Marlins to the Miami Marlins in 2011, moved into a new stadium at Marlins Park in 2012, and signed Giancarlo Stanton to the most lucrative contract in baseball history (13 years, $325 million) in 2014.