Derek Jeter, is going to be a part owner of a MLB franchise. This should come as no surprise, especially if you're an avid reader of this site. I've been all over the Jeb/Jeter trying to buy the Marlins since the rumors of Jeter's name even being mentioned into this conversation occurred. The official purchase price is set at $1.3 Billion. Jeffrey Loria bought the team for $158.5 Million, that means by my calculations he increased his original investment by 800% in 15 years, pretty fucking impressive. Shouldn't come as a surprise though, Loria was part owner of the Expo's, he bought 24% of the team for $12 Million in 1999,within the next 3 years he acquired another 70% of the team, and sold in 2002 for $120 Million. This insane return of investment in such a short amount of time is what set him up to buy the Marlins and make this insane payday. From $12 Million to $1.6 Billion in under 20 years, I don't care how awful an owner Jeffrey Loria was, this dude is a straight thug. Fucking the system this hard, being able to cash the fuck out like this is unfathomable. Genius, dude is an absolute genius.
Jeter and Jeb are going to bring a renaissance to the Miami Marlins organization. The Marlins are a very young franchise, yet they've already been able to get two World Series trophies. After they won the trophies the team's were blown up and a new rebuild began every damn time. No consistency for fans to enjoy and then they wonder why they can't fill seats. Jeter is going to bring in a great staff to help him turn this organization around. I don't know if he'll keep the general manager or even Don Mattingly for that matter, I'm not even sure if Jeter will be calling these shots, although you'd have to assume he's going to be the more active owner. I doubt Jeter bought a baseball team to not be an active leader for the organization, so I think he'll be the one calling the shots as he should. Jeb Bush is the money guy, he's the one with more money invested, but he won't be as involved. This is usually how most businesses are run, which makes this theory that much more plausible.
Really excited to see how fans will react to Jeter being an owner, how free agents will now feel about coming to the Marlins, and how the whole thing works out in general. Now, this could all go to shit still. The Owners need to all vote on this move and if it's approved they'll be the new owners. I don't see any reason they wouldn't get approved, so no need to worry about that. For all the bandwagoners in Miami, trust me we know there's plenty of ya, jump on the Marlins train right now because the Jeter effect is about to take over, and you don't want to miss out on the chance to be an early adopter.
Every Yankee fan just found a new favorite NL team to root for, therefore the Marlins are already the second most popular team in all of baseball. Jeter effect already taking over.
Djack- Chief editor