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Jeb Bush Backs Out Of Potentially Owning The Marlins, Derek Jeter Reportedly Looking For New Investors

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CBS NY- Former Florida Gov. Jeb Bush is no longer interested in buying the Miami Marlins and has ended his participation in sales talks, a person close to the negotiations said. The person confirmed Bush’s decision to The Associated Press on condition of anonymity Tuesday because the Marlins have not commented on the status of the discussions. Bush led a group that included former Yankees captain Derek Jeter, who may still explore a bid with other investors. The person confirming Bush’s decision didn’t give a reason for it.

Earlier this month, baseball Commissioner Rob Manfred said Bush’s group was relatively even in its price offer with another group led by businessman Tagg Romney, son of former Republican presidential nominee Mitt Romney, and Hall of Fame pitcher Tom Glavine.

Manfred declined to comment Tuesday. Marlins president David Samson had no immediate comment, and a spokesman for Jeter didn’t respond to a request for comment. Romney has not publicly discussed his interest in the team.

As Jon Heyman of WFAN and FanRag Sports reported last month, the Bush-Jeter group, which reportedly offered about $1.3 billion for the team, faced financing obstacles because, due to MLB’s debt service rule, more than half of the winning bid for the team could involve cash. Sources said the Jeter-Bush group approached prospective buyers from other groups about joining forces with them. Some observers believed the offer from the Romney-Glavine group was more solid financially than the Jeter-Bush bid, Heyman reported.

Well this puts a snag in the Derek Jeter becoming an MLB owner dreams for at least the moment. The duo of Derek Jeter and Jeb Bush just never seemed like a good fit, but they had some good steam for a little while. The Tagg Romney-Tom Glavine offer was reportedly higher and more stable than Bush’s so it makes a lot of sense if Jeter hopped on board there to create a powerhouse trio. Tagg Romney, the oldest son of Mitt, is a successful venture capitalist who clearly has a drive like his dad to get into the sports business world. If Jeter is looking for new investors and these guys have a strong bid already going for them then I’d imagine this is the route he’ll go.

Orrrr……he could team up with another powerful corporation. A specific company that could be on the fast track to take over the world.

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The duo of Jeter/A Rod Corp owning the Marlins would be otherworldly and maybe the most must watch situation ever. Please God give me this.

Twitter: @ehubbs13