Miami Marlins Reportedly Sold 15% Stake

9 minutes ago

Miami Marlins Reportedly Sold 15% Stake

The Miami Marlins quietly sold roughly a 15% minority stake in the franchise this spring to help reduce organizational debt. The deal reportedly valued the club between $1.4 billion and $1.55 billion. Two South Florida families purchased the stake, though their identities remain unknown. Representatives for the Marlins, MLB and BDT & MSD Partners declined to comment on the transaction.

By Abhay Aggarwal

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