The potential sale of the Miami Marlins has a long way to go, but the name of at least one person who has been in negotiations to buy the team is sure to cause a stir.
Multiple sources with knowledge of negotiations have told ESPN that real estate mogul Charles Kushner, father-in-law of Ivanka Trump, is part of a potential purchase group. It is not known if he is the primary bidder.
His son Jared Kushner is the senior advisor to President Donald Trump.
A spokesperson for Charles Kushner declined comment. Marlins president David Samson also declined comment as did a spokesman for Major League Baseball.
Earlier Thursday, Forbes and The Associated Press reported that Marlins owner Jeffrey Loria had a preliminary agreement to sell the team for about $1.6 billion to a New York businessman, but the deal could fall through because the final purchase price hasn’t been determined, a person with direct knowledge of the negotiations said Thursday.
It is not known whether Kushner is part of that group, or possibly another group that is interested in buying the team as the source told the AP that negotiations with other parties might eventually be reopened.
In 2012, Jared Kushner submitted a bid to buy the Los Angeles Dodgers. Kushner, whose father was not included on it, withdrew from the bidding when it was clear that it was not one of the adequately financed deals. Charles Kushner looked into buying an NBA team over the last eight years, another source with knowledge told ESPN.
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Report: Loria has agreement to sell Marlins
Jeffrey Loria has a preliminary agreement to sell the Miami Marlins to a New York businessman, with the purchase price still yet to be determined.
Jeffrey Loria has a preliminary agreement to sell the Miami Marlins to a New York businessman, with the purchase price still yet to be determined.
Financing could be an obstacle for Kushner in this case, should he be the lead bidder, as much of his money is tied up in real estate. It is not known who the other bidders might be and what their financial situation is, but in order to finance a deal that Forbes said would be worth $1.6 billion, about $600 million in cash would be needed, one financing source said.
If Kushner were to be the managing partner, approval might be difficult from a public relations standpoint considering scrutiny of the Trump White House. Kushner also served time in prison for tax evasion, witness tampering and making illegal campaign contributions.
Loria bought the Marlins from John Henry in 2002 for $158 million, funding the purchase by selling the Montreal Expos to Major League Baseball for $120 million and covering the rest with a $38 million loan from MLB.
Some of the value of the team has been boosted by MLB’s Advanced Media business, which is owned equally by all owners.
The Marlins enter 2017 looking for their first winning season since 2009, as a late fade dropped Miami to a 79-82 finish in 2016.
The Associated Press contributed to this report.
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