The Marlins confirmed Saturday they have a signed agreement with the Derek Jeter group to purchase the team.
The person confirmed the Friday night signing to The Associated Press on condition of anonymity because the Marlins have not confirmed the agreement.
The Miami Herald first reported on the agreement between the Sherman-Jeter group and Loria.
"Sherman, a wealthy venture capitalist who has a home in NY and is building a home in South Florida, will be the 'control person, ' similar to a managing general partner", Jackson wrote. "Forget about Hall of Famer, it's not about that, it's about his ability to run a team and his desire to run a team, and it just came through so clearly what he wanted", Samson said of Jeter.
Major League Baseball owners will discuss the deal at their meeting next week in Chicago. The owners of the other Major League Baseball franchises will have to meet and approve the agreement, which will not take place for at least a month.More news: Detroit Red Wings condemn use of logo by white nationalists at rally
Miami won the 2003 World Series but has not returned to the postseason since.
Samson said he hasn't discussed his own status with Sherman or Jeter, although there have been reports he'll remain with the organization. "I love it here". Loria is becoming more and more unpopular by the day in South Florida after the team moved into its new stadium that was largely financed by the public and fielded players with payrolls amongst the lowest in baseball. The Jeter-Sherman group beat out two other groups that pursued the team in the final weeks of negotiations.
Many around baseball predicted success for the new regime.
Jeter resides in Tampa and has long had interest in owning a franchise. "And it was hard to say that about previous owners".