Former Republican presidential candidate Jeb Bush, left, and New York Yankees legend Derek Jeter are part of an investment group trying to buy the Miami Marlins. Photo: Associated Press (2)An investment group including former New York Yankee Derek Jeter and former Florida Gov. Jeb Bush are negotiating to buy the Florida Marlins baseball team but haven’t yet lined up financing for the deal, according to people familiar with the matter. A deal requires Major League Baseball approval, which would be contingent on the investment group demonstrating that it had the money committed for the purchase. Under MLB rules, the investment group would be able to carry about $350 million in debt.

Source: Wall Street Journal April 25, 2017 21:22 UTC