Michael Jordan part of Derek Jeter’s ownership group set to buy Marlins
Earlier this week, it was reported that former New York Yankees great Derek Jeter is helping lead an ownership group that has reportedly agreed to purchase the Miami Marlins for $1.2 billion.
According to Darren Rovell of ESPN, this group also includes another notable former star athlete in NBA Hall of Famer Michael Jordan.
Michael Jordan is part of Derek Jeter's Marlins ownership team.
MJ bought majority share of Bobcats in 2010 at $275M value, now at $780M.
— Darren Rovell (@darrenrovell) August 11, 2017
Since his official retirement from the NBA more than a decade ago, Jordan has taken up the majority ownership role with the Charlotte Hornets along with his Jordan brand has helped tremendously increase his net worth.
The 54-year-old has more than enough to contribute his part to the group as Forbes reported earlier this year that he is worth $1.31 billion. That said, Jordan is believed to be putting in no more than a few million to the effort to buy the Marlins with the major purpose of the move is to use his name above all else.
There is a strong bond between Jeter and Jordan that extends several years as the five-time World Series champion is signed to an endorsement deal with Jordan Brand that seen him have his own shoe and clothing line.
It will be interesting to see what level of involvement that Jordan will have with the Marlins if the sale indeed becomes final.