Michael Jordan is part of investor group bidding to buy the Miami Marlins
It looks like Michael Jordan is crossing over to professional baseball once again. However this time, it’s not as a player, but as an executive owner.
And according to reports, it’s almost a done deal.
Jordan, the longtime baseball fanatic, has just joined an investment group of about 15 people led by former New York Yankees shortstop Derek Jeter to purchase the Miami Marlins. Jeter was previously in an investment group with Jeb Bush, and had a deal in principle to purchase the team for $1.3 billion. However, the group wasn’t able to come up with the necessary funds, and Jeter left to ultimately create his own investment group.
According to the NY Post, the group is closing in on purchasing the team for about $1.2 billion. It was previously thought that Jorge Mas had solidified a deal with Marlin’s owner Jeff Loria on Monday to purchase the team on Monday for a reported $1.3 billion, but no official deal was put to paper.
Jordan and Jeter have a long standing business relationship, with Jeter being the number one endorser for the line of Jordan Brand baseball products.
“Derek is one of the hardest workers I have ever met,” MJ said in a 2016 statement announcing an extension for Jeter. “That drive and his passion for excellence have always made him a perfect fit for the brand and we are happy to be continuing our relationship with him.”
Apparently those sentiments still hold true, as the two legends look to take their business relationship to a whole new level. Has there ever been so much star power amongst investors?