Report: Marlins will likely sell below $1.3-billion asking price

Posted: 04/07/2017 in MLB, Sports
Tags: , , , , , ,

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With the All-Star Game less than two weeks away, the host team is still looking for a suitable bid and, now, the Miami Marlins and owner Jeffrey Loria are reportedly lowering their asking price below the originally-expected $1.3 billion, according to Barry Jackson of the Miami Herald.

The pool of bidders currently sits at three serious candidates with Tagg Romney’s group and Derek Jeter’s group being recently joined by Miami tycoon Jorge Mas.

The Romney-led group has reportedly submitted a bid near $1.1 billion – more than 15 percent below asking – despite having the capital to meet the purported price tag thanks to the group including Wayne Rothbaum and a modest investment from Jeb Bush.

Meanwhile, Jeter’s bid is believed to be more than $1.1 billion, though the New York Yankees legend has also had some trouble raising the necessary funds.

While Mas is still very interested in purchasing the team, the report claims he is also unwilling to meet Loria’s $1.3 billion asking price.

Despite the current climate, Loria is still optimistic the team will sell by the end of July.

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