Real Estate Developer May Have Offered $1.6 Billion To Buy Marlins

Rachel Hardy
February 10, 2017

It is not known whether Charles Kushner is part of that group, or possibly another group that is interested in buying the team as the source told the AP that negotiations with other parties might eventually be reopened.

In 2012, the Marlins moved into a gleaming new ballpark, with many artistic flourishes inspired by Loria, who made his fortune as an art dealer. Loria has owned the team since 2002.

Kushner is the father of Jared Kushner, Ivanka's husband and Senior Advisor to the president. According to Forbes, buying the team would likely cost $1.6 billion and require $600 million in cash.

Forbes reported Thursday, citing two anonymous sources, that the Marlins owner Jeffrey Loria has a "handshake agreement" to sell the club for $1.6 billion.

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The Marlins declined comment on whether Kushner is involved, while Major League Baseball says they have not heard anything about his involvement. Kushner was convicted of illegal campaign contributions, witness tampering and tax evasion in 2005 and served time in federal prison.

The identity of the prospective buyer is unknown, though the Forbes report identified the person as a real estate developer based in NY.

The Marlins haven't finished with a winning record since 2009 and have the second-longest playoff drought in the majors, ahead of only Seattle. Loria is - and this isn't an exaggeration - the most disliked owner in baseball if not all of sports.

The report says that much of the developer's wealth is tied up in New York-area real estate.

Other reports by TheDailyFarc

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