Jeb Bush, Derek Jeter Moving Full Steam Ahead on Miami Marlins Bid

In his first public remarks about his bid for the Miami Marlins, Jeb Bush sounded an optimistic note despite the nearly $1 billion that he and his partner Derek Jeter must raise to secure the deal.

Continue Reading Below

Speaking at the Milken Conference today in Los Angeles, CA, the former governor of Florida said he has support from the City of Miami and a group of investors, suggesting a deal is in reach.

As FOX Business recently reported, the duo's $1.34 billion bid for the team is hardly a lock; the duo must raise around $800 million to $900 million in cash from outside investors given Major League Baseball’s preference that they purchase the team without incurring massive debt.


Continue Reading Below

Bush and Jeter are leading the group bidding to buy the Marlins from oft-maligned owner Jeffrey Loria, who has run a money losing enterprise since buying the team in 2002, ladened  with a significant amount of debt. Loria can command a piece well above the $158 million he paid 15 years ago because of the scarcity value of professional baseball teams. Other potential bidders including a team led by Tagg Romney, the son of 2012 GOP presidential candidate Mitt Romney, have placed bids for the team albeit lower than Jeter and Bush.  [moved this grx]

The Miami mayor’s office did not return FOX’s calls for comment at the time of publication. A Marlins spokesman had no comment.

Bush also took a swipe at President Trump, who beat the former Florida governor during the often brutal 2016 GOP presidential sweepstakes, in which Trump coined him “low energy.”

More From