Logo

Derek Jeter finally has the financial backing to execute his bid for the Miami Marlins baseball team, On the Money has learned.

The Yankees legend has suffered from rumors that his bid is weak and doesn’t have enough financial clout to be taken seriously. But two of our tipsters say Jeter now has Wall Street money lined up — though whether Major League Baseball sees him as a serious “control guy” is another question.

His group is bidding against two other groups, neither of which has met the $1.3 billion asking price, according to the Miami Herald on Thursday.

We hear that the Marlins are set to lose around $80 million in 2017 and have hefty contracts that are due to rise significantly in the coming years.

Another group includes Wayne Rothbaum and Tagg Romney, the son of Mitt Romney, while Miami businessman Jorge Mas is the third bidder.

We hear Mas has the biggest firepower and is the most likely to win the bidding, though the Herald reports that the Jeter group is Marlins owner Jeffrey Loria’s favored pick. Loria is expected to make a decision by the end of the month.

Comments
anonymous profile image
Powered by RoundtableBuilt on infrastructure designed for real-time media. Learn more at RTB.io.© Roundtable 2026. By using this site you agree to the Terms of Use and Privacy Policy