Jeter and Jordan (along with NY businessman Bill Sherman) are a part of the 16 investors looking to purchase MLB's Miami Marlins.
There have been reports for months that Derek Jeter had been assembling a team to purchase the Miami Marlins.
Venture capitalist Bruce Sherman is the group's main investor and he'll play a similar role to a managing partner, according to Jackson. "But Jeter, the former New York Yankees star shortstop, will run the business and baseball sides of the organization, the source said". National Basketball Association legend Michael Jordan also is among the 16 investors in the group. It's expected to be discussed next week, but no vote is expected.
Loria announced in March his intention to sell the team. In addition to Jeter, the ownership group has an athletic dimension thanks to a stake from Michael Jordan, who invested an unknown amount of money with the group.
"Sherman, a wealthy venture capitalist who has a home in NY and is building a home in South Florida, will be the 'control person, ' similar to a managing general partner", Jackson wrote. But his presence likely will make a greater impact than pure numbers show.