Jack McKeon

Baseball owners approve sale of Marlins to Derek Jeter group

The Miami Marlins are Derek Jeter's problem now.

Major league owners on Wednesday unanimously approved the sale of the woebegone franchise by Jeffrey Loria to an investment group led by Jeter and Bruce Sherman. The deal needed 75 percent approval.

A signed $1.2 billion agreement was submitted to Major League Baseball last month to sell the Marlins to a group led by Sherman, a venture capitalist who will be the controlling owner. Jeter, the former New York Yankees captain, plans to be a limited partner in charge of the business and baseball operations.

The closing on the sale is expected within a few days.

"I congratulate Mr. Sherman on receiving approval...

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