Derek Jeter’s History-Making Move
By Ryan Velez
Many baseball fans are excited about Derek Jeter becoming part owner of the Miami Marlins MLB team, but there is one interesting fact TVOne points out that may give reason for even non-sports fans to take interest. The 43-year-old former NY Yankee is now the first ever African-American CEO of an MLB team. Jeter’s father is African-American, and his mother is white. In addition, by becoming part owner of the team, he is also one of two African-Americans in that role, joined by Magic Johnson of the LA Dodgers.
Unsurprisingly, the question of the national anthem controversy was recently posed to Jeter, and according to NY Daily News, he is behind the protestors all the way. “Everyone should be fine with that. They’re focused so much on the fact that they are kneeling as opposed to what they’re kneeling for. Peaceful protests are fine. You have your right to voice your opinion. As long as it’s a peaceful protest, everyone should be fine with that.”
Here are some other facts about Jeter’s ownership move from our past coverage of the event:
“Marlins owner Jeffrey Loria has agreed to sell the franchise for $1.2 billion to a group led by Jeter and New York businessman Bruce Sherman. At this point, it was well known that despite Jeter’s interest, he didn’t have the funds to buy a controlling interest in the team outright, and it looks like Sherman is the partner that he needed to get to the next step.
The 69-year old Sherman will be serving as the “control person” for the team, looking to build a home in South Florida so he can likely keep a closer eye on operations. Sherman isn’t a stranger to the Marlins or the area. He has been a fan of the team and also was once the chairman and chief investment officer of Private Capital Management in Naples. Jeter himself put up $25 million of his own money, which only counts for 2% of the team. However, his friendship with Sherman will likely be a key part of the team’s operations, as he will be handling the business and baseball side of things.
In one unexpected turn, another famous athlete is part of the 16-investor group: Michael Jordan. As another friend of Jeter, it’s not completely out of left field that Jordan would contribute, but it’s unknown exactly how much that amount was. Jordan will still remain the principal owner of the Charlotte Bobcats.”