July 22, 2017 12:18 AM ET

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Company Overview of Miami Marlins, L.P.

Company Overview

Miami Marlins, L.P. owns a baseball team in Miami, Florida. The company operates a website that offers baseball news, videos, scoreboards, statistics, schedules, and rosters, as well as sells tickets, mobile gaming applications, clothing, and accessories online. The company was formerly known as Florida Marlins, L.P. and changed its name to Miami Marlins, L.P. in November 2011. Miami Marlins, L.P. was founded in 1993 and is based in Miami, Florida.

501 Marlins Way

Miami, FL 33125

United States

Founded in 1993

Phone:

305-480-1300

Fax:

305-626-7481

Key Executives for Miami Marlins, L.P.

Chief Executive Officer
Executive Vice President and Chief Financial Officer
Executive Vice President of Operations and Events
Executive Assistant to Chief Executive Officer, President, and Vice Chairman
Compensation as of Fiscal Year 2017.

Miami Marlins, L.P. Key Developments

Investors Seeks To Acquire Miami Marlins

Two prominent Chicago figures are interested in buying Miami Marlins, L.P. ichael Jordan and Marcus Lemonis, who is best known for staring on CNBC business-turn-around show "The Profit," have joined separate parties to make bids for Miami Marlins. Lemonis is teaming up with Florida governor Jeb Bush, Pitbull, and fund manager Wayne Rothbaum among others. The sale process remains fluid as there are "viable bidding groups that are essentially in the same place in terms of price," Baseball Commissioner Rob Manfred said. MLB Commissioner Rob Manfred says there are still 3 bidders for Marlins

Jeb Bush Withdraws From Bidding For Miami Marlins

Jeb Bush dropped his bid to buy the Miami Marlins, L.P., a person close to the negotiations said. Bush led a group that included Derek Jeter, who may still explore a bid with other investors.

Manfred Says Marlins' Bidders Relatively Even In Price

The two groups bidding to buy the Miami Marlins, L.P. from Jeffrey Loria are relatively even in their price offers, according to Commissioner Rob Manfred. Former Florida Gov. Jeb Bush leads one group, which includes former New York Yankees captain Derek Jeter, who would head the team's baseball operations. The other group is led by businessman Tagg Romney, son of former Republican presidential nominee Mitt Romney, and includes Hall of Famer Tom Glavine. "There are two bidders, at least, for the franchise. The bidders are in relatively the same place in terms of price, maybe minuscule differences, and they are in fact in the price range that Mr. Loria was looking for," Manfred said recently. The groups are bidding to buy the Marlins for approximately $1.3 billion, which would include the assumption of about $100 million in baseball-related debt. More than $200 million in other debt associated with the team would be paid by Loria as part of the closing. "The process is moving forward. It's really between the Marlins and the bidders," Manfred said. "At this point, two things need to happen. There needs to be a solidified financial structure presented to us so that we're sure that we actually have a transaction that can move ahead, and there are certain documents, the most important of which are a purchase and sale agreement that need to be negotiated between the buyer and the seller. And we'll be ready to process the transaction when those two things are completed."

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 17, 2017
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