The Captain could soon become The Owner.
Former New York Yankees legend Derek Jeter has emerged as one of three potential bidders for the Miami Marlins, sources told the Fox Business Network.
Jeter, who capped his playing career in 2014 and is expecting his first child with wife Hannah Davis, is being represented by veteran Wall Street executive and former Morgan Stanley brokerage chief Gregory Fleming.
Former Florida governor Jeb Bush has teamed with CitiGroup to finance another potential bid. A third group is led by a number of businessmen from Goldman Sachs, which has a business partnership with the Yankees.
Marlins owner Jeffrey Loria has expressed interest in selling since late last year. There is no timetable in this process, but people with knowledge of the talks told Fox Business a deal could be completed by May and might fetch a price of between $800 million to $1.6 billion. Loria bought the team in 2002 for $158 million.
“From what I understand, whoever has the most cash will get the deal,” one senior baseball executive told Fox Business. “And who knows what the Marlins might do in the end if they don’t get the number they want?”
Jeter will be on the Hall of Fame ballot in a few years and should be a first-ballot lock. He left the game sixth on the all-time hit list (3,465) and helped lead the Yankees to five World Series titles.
He made more than $265 million in his career and previously expressed interest in baseball ownership.
“That’s the next goal,” he said in 2014. “Calling the shots, not answering to someone, that’s what interests me.
“I’d probably be a little bit more behind the scenes than The Boss [late Yankees owner George Steinbrenner]. But I learned a lot of great things from him.”