Michael Jordan reportedly has small stake in Derek Jeter's investment group

From FOX Sports - August 13, 2017

MIAMI (AP) A person familiar with the situation says NBA Hall of Famer Michael Jordan has a small stake in Derek Jeters investment group that reached an agreement to buy the Miami Marlins.

The person confirmed Jordans role to The Associated Press on condition of anonymity Sunday because the parties involved have not commented.

Jordan already owns the NBA Charlotte Hornets. He and Jeter have known each other for more than 20 years and are close friends.

A signed $1.2 billion agreement was submitted Saturday to Major League Baseball for Marlins owner Jeffrey Loria to sell the franchise to a group that includes Jeter, the former New York Yankees captain. Venture capitalist Bruce Sherman of Naples, Florida would be the controlling owner.

The Marlins expect to close the deal in early October.


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