Two Years After Derek Jeter’s Exit, $500 Million Worth Miami Marlins Owner Commits to Stay on For Life

The Miami Marlins have had an incredibly busy last 5 years as a franchise. In 2017, the team was bought by Bruce Sherman and an ownership group that included Derek Jeter. The former Yankee star then took over as CEO of the club for 5 years and oversaw day-to-day operations. However, Jeter stepped down in February of last year citing differences over the direction of the Marlins. 

He sold his stake and cut ties with the franchise, choosing to move away from baseball. This is a lot of change at a club that is still finding its footing under its current ownership. But a recent statement by the Marlins owner Bruce Sherman indicates a stable future for the franchise.

Miami Marlins Owner Bruce Sherman has stated he will not sell the team

Following Derek Jeter selling his share in the team, there have been no changes in ownership. Furthermore, no ownership changes are going to take place anytime soon, according to Bruce Sherman. The Miami Marlins’ current owner has stated that he has no intentions to sell the team. This comes amidst rumors that the Marlins were up for sale. Jon Heyman of the New York Post shared a quote directly from Sherman via Tweet.

In the Tweet, Heyman said, “Marlins owner Bruce Sherman on rumors/reports he may sell his team: ‘The Miami Marlins are not for sale, have not been for sale under my ownership, and will not be for sale in my lifetime … It is and will continue to be a privilege to own this great organization.’” 

Read More: An Estimated $70,000 Blunder Once Left a Scar on New York Yankees Legend Derek Jeter’s ‘Spotless’ Reputation

This means that the organization will continue to be under this ownership for the foreseeable future. But it remains to be seen whether that is a good thing. Derek Jeter sold his ownership stake in 2022 and reportedly saved himself some collateral damage. But many people wonder why he decided to sell. 

Why did Derek Jeter sell his ownership stake in the Miami Marlins?

In 2022, Derek Jeter sold his 4% ownership stake in the Miami Marlins and stepped down as CEO. The vision for the future of the franchise is reportedly what caused him to sell. According to CNBC, Jeter said that the “vision for the future of the franchise is different than the one I signed up to lead”.

Watch This Story: Derek Jeter Steps Down As CEO Of Miami Marlins – What Went Down As Yankees Legend Walked

Furthermore, sources have speculated that the Marlins’ lack of success under his reign may have been another reason. What do you think about Bruce Sherman’s intent to remain Marlins’ owner until death? Please share your thoughts in the comments below!