Published July 10, 2017 6:32pm EDT | Updated July 10, 2017 7:04pm EDT

MasTec Chairman Reportedly Buying Miami Marlins For $1.17 Billion

Jorge Mas has agreed to buy the Miami Marlins baseball team from owner Jeffrey Loria for $1.17 billion, according to a report late Monday. Mas, the chairman of infrastucture company MasTec Inc. , reportedly beat out other groups led by Tagg Romney, Jeb Bush and Derek Jeter, because they could not match Mas's offer, according to Forbes. The Marlins are set to host this year's MLB All-Star game on Tuesday.