MLB’s Marlins in $1.6bn ‘handshake agreement’ – report

David Samson, the president of the Miami Marlins, has said that there has been a $1.6bn (€1.5bn) “handshake agreement” for the Major League Baseball team to change ownership.

Owner Jeffrey Loria purchased the team in 2002, and paid $158m, according to Forbes. 

Around that time, the Marlins moved into a new $639m stadium paid for by taxpayers, and Marlins Park could have been a financial windfall for the team.

However, as one of the worst-performing teams in the league, with the lowest average attendance at games, the fans were not impressed with having to pay for the stadium, the report added.

The sources were not able to disclose who the agreement was with, but shared that he is a real estate developer based in New York.

Thus, if he were to purchase the Marlins, it would likely require more debt that the MLB would be comfortable with, Forbes continued.