Report: Kushner Family In $1.6B Deal To Buy Marlins

An unnamed New York real estate developer has a handshake agreement to buy the Miami Marlins for $1.6 billion, according to Forbes.

A team source told the Herald that there is “no doubt” that owner Jeffrey Loria will sell.

The buyer is said to be “not liquid,” and doesn’t have the cash to complete the deal since his net worth is tied up in real estate.

Loria paid $158 million for the team in 2002. He then forced a deal through Dade’s commission for a new stadium that will eventually cost local taxpayers about $3 billion including debt, equal to over $1,000 for every person currently living in the county.

Anger over the stadium deal has led to low attendance and TV ratings for the team.

 

Update: Bloomberg reports that the bidder is the Kushner family

 

 

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David
4 years ago

..Donald Trump?

miami1
4 years ago

No, but close enough. It is Charles Kushner, father in-law of Ivanka, word is that the POTUS himself will throw the first pitch on opening day!!!

Anonymous
4 years ago

If this is true. I hope the new owner will change our uniform colors back to black and teal.

Anonymous
4 years ago

yes please! I thought i was the only one who hated the new logo and colors

Anonymous
4 years ago

i cant believe this dirt bag could make over a billion dollars on a team that he has done nothing with….and was basically granted a free public gift for a private entity…..he should owe the county and city some money from the sale proceedsl

invasive species
4 years ago

who would ever “shake hands” with Loria?

Anonymous
4 years ago

no money gets paid back to taxpayers if this closes after 2018….the citizens of this county should band together and sue every county commissioner who backed this

miami1
4 years ago

Yesss MMMGA!!!! Make Miami Marlins Great Again!!! LOL

¯\\_(ツ)_/¯
4 years ago

Stephen M. Ross.

marc
4 years ago

Man Lloria is making a killing but I hope it happens. Get that carpetbagger outta here. Good riddance.

Wang
4 years ago

There should be some clause when that stadium was built that says if Loria sells he cannot add the ballpark as an asset. Or, in any future selling of the team, the value the stadium brings should be deducted and given to the county. What is unreasonable with that?

¯\\_(ツ)_/¯
4 years ago

there was, it expired in 2013 i think

Bret
4 years ago

USFL part 2 lol Bankrupt within two seasons hahaha