Derek Jeter has been trying to buy the Miami Marlins from their gross owner Jeffrey Loria for a few months, but things have not been going well for him lately. His good friend Jeb Bush dropped out of a joint pursuit with Jeets three weeks ago, and he reportedly spoke to MLB officials today and told them that he doesn’t quite have the necessary cash to buy the team. According to the Associated Press, Jeets is still in the running, but he faces stiff competition from Mitt Romney’s son, whose name is Tagg for some reason.
The person said Jeter, a 14-time All-Star shortstop, met with MLB and Marlins officials in New York and provided an update on his efforts to raise the needed money. The person said multiple other groups remain in the mix to purchase the team.
Jeter’s group bid about $1.3 billion to buy the Marlins from Jeffrey Loria. A similar bid was submitted by a group led by Massachusetts businessman Tagg Romney, son of former Republican presidential nominee Mitt Romney.
Reports from April pegged Jeter and Jeb’s net worth at a combined $200 million, and MLB rules prohibit more than $350 million of a team’s value being carried as debt. Now that Bush is out of the picture, Jeets will need even more help from outside investors. Hopefully he gives them gift baskets.