Marlins owner Bruce Sherman is selling 15% of the team “to 2 unidentified families with residences in South Florida.” The deal, which was first reported by Sportico, brings the team’s group of owners to 15, though “nothing changes with regard to Sherman running the team” and he will remain the control person. It will help “pay off a portion of debt payment.” It also gives the team more money available “with portent of salary cap and floor in 2027.” The sale values the Marlins at $1.55B; Sherman bought the team in 2017 for $1.2B. However, Marlins execs “privately view team’s worth as higher because that number was based on purchasing a minority interest without decision-making power” (X, 5/29).
Sherman selling 15% of Marlins, will remain as control person
