With the eyes of the baseball world on Miami for the 2017 All-Star Game, another high-profile name has entered the conversation to buy the team hosting the festivities: hip-hop artist and Miami native Pitbull.
Miami Marlins owner Jeffrey Loria is set to sell the team for close to $1.2 billion, with three groups bidding for the NL East franchise. One group is led by Miami businessman Jorge Mas, another headlined by former New York Yankees shortstop Derek Jeter and retired NBA superstar Michael Jordan.
The third, which Pitbull confirmed he was joining Tuesday in a Facebook post, includes former Florida Gov. Jeb Bush, Mitt Romney’s son Tagg Romney and Quogue Capital founder Wayne Rothbaum.
Pitbull, who performed at Marlins Park before Monday night’s Home Run Derby, grew up in Miami and now owns a charter school in Little Havana, which is near the baseball stadium.
MLB commissioner Rob Manfred told the Miami Herald on Tuesday that he was confident that the team would be sold in the “relatively near future.”
“Unfortunately, what’s happened here is the bidders became public before there was an agreement with any individual group,” Mr. Manfred said. “That happens sometimes. You can’t control that. But the fact of the matter is we have three viable bidding groups that are essentially in the same place in terms of price. All three groups are in the process of the financial structuring, the due diligence … When that process is complete, the Marlins will pick a winning bidder.”