Derek Jeter’s group to buy Marlins

Owner Jeffrey Loria has agreed to sell the Miami Marlins to former Yankees star Derek Jeter and his business partner, Bruce Sherman, multiple media outlets reported Friday.

The investment group is said to have more than 10 other investors, including Michael Jordan.

If the deal for the team, reportedly for $1.17 billion, goes through, Sherman would become the managing general partner, and Jeter, who reportedly put in $25 million of his own money, would be the point person for baseball operations, reports said.

Continue reading: San Francisco Chronicle