Jeb Bush, Derek Jeter team up on Miami Marlins bid

  • Jeb Bush, Derek Jeter team up on Miami Marlins bid

Jeb Bush, Derek Jeter team up on Miami Marlins bid

Retired Yankees star Derek Jeter and former governor of Florida Jeb Bush are combining forces in their quest to purchase the Marlins from Jeffrey Loria, the Miami Herald reports. Loria is asking $1.6 billion for the team, but a source familiar with the bidding process said he believes the highest suitor likely will end up paying about $1 billion.

Derek Jeter and Jeb Bush have formed a team in their attempt to buy a team.

Bush and Jeter, who were previously in the market for the National League club, have strong competition from NY financier and Quogue Capital manager Wayne Rothbaum. It is unknown if other bidders have expressed interest.

Jeter, a future Hall of Famer, has a house in Tampa, and Bush lives in Coral Gables.

In 2016, Jeter told CNBC that his "ultimate goal" was to own a baseball team. His brother George also co-owned the Texas Rangers at one point during the '90s. The person confirmed the partnership on condition of anonymity because Jeter and Bush have not commented.

Last week, Marlins president David Samson said talks with multiple parties interested in buying the team were in the "fourth inning".