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Jeb Bush, Who Did Not Become President (Like His Brother Did), Looks to Own a Baseball Team (Like His Brother Did)
As the Herald notes, Bush and Jeter were once pegged as rival bidders for the Marlins (as reported by Fox Business) and so the two have apparently decided they’d make a stronger bid by joining forces. Bush, Jeter and the Marlins did not respond to the Herald‘s interview requests.
Bids for the Marlins were due last week, according to Bloomberg, and came in between $1.2 billion and $1.3 billion. Current owner Jeffrey Loria bought the baseball team in 2002 for $158 million, and Forbes values the team at close to $1 billion today.
Bloomberg reports that Quogue Capital founder Wayne P. Rothbaum is also among the final bidders for the Marlins. Per the Herald:
If Bush and Jeter bring star power to the Marlins talks, Rothbaum brings a low profile but probably deeper pockets.
He co-founded a pharmaceutical company, Acerta Pharma, that AstraZeneca bought in a deal that could be worth up to $7 billion, depending on drug approvals. In 2008, he and Quogue agreed to pay $1.3 million to the Securities and Exchange Commission over allegations Rothbaum improperly conducted “short sales” of stock at a time when investment regulations prohibited the transactions, Bloomberg reported.
Bush, the former governor of Florida and failed presidential candidate, would be following in his younger brother’s footsteps if he in fact acquires an ownership stake in the Marlins. George W. Bush, former governor of Texas and the 43rd president of the United States, once had a controlling interest in the MLB’s Texas Rangers during the 1990s.
Photo: Gage Skidmore