As if four high profile figures weren’t enough in the tug-o-war to purchase the Miami Marlins, Dave Stewart, former general manager of the Arizona Diamondbacks, has joined Massachusetts businessman Tagg Romney’s ownership group bid for the Miami Marlins, a high-ranking baseball executive told USA TODAY Sports.
As of now, Romney and former Atlanta Braves and New York Mets pitcher Tom Glavine appear to be a in closely contested race with Jeb Bush and Derek Jeter to win the right to own the Marlins. The team, currently owned by Jeffrey Loria is said to be on the market for over $1 billion. It has also been reported that the bid by Romney and Glavine was higher than the $1.3 billion bid their “opponents” have reportedly made since they won the right to make an offer from winning an auction two weeks ago.
The story, which appears on USAToday.com, claims the executive who identified Stewart as a new addition to this foursome, spoke only on the condition of anonymity since Romney has not publicly announced the addition of Stewart to his group, but Major League Baseball officials have been informed that Stewart is among the new investors.
Stewart’s experience in the front office could prove to be beneficial in making the purchase final.
Earlier this week, Bush told media outlets he hoped a decision regarding the purchase of the south Florida team would be approved soon. For any sale to be finalized, there must be a 75-percent approval by Major League Baseball.
Stewart, a four-time 20-game winner, also quietly was bidding for the Marlins with his own group of investors, and now most of his investors will also be joining Romney’s group. It’s believed that Stewart would be in charge of baseball operations if Romney’s group is approved by MLB, joining Magic Johnson of the Los Angeles Lakers as the only African-Americans to have partial ownership of a baseball franchise.
“We have two very strong groups that we believe will have sufficient financial resources to complete the sale and run the team effectively,” MLB Commissioner Rob Manfred told the Miami Herald on Tuesday.
Romney, 47, the son of former presidential candidate Mitt Romney, is the founder and partner in Solamere Capital, a private equity firm. He previously worked as the head of marketing for the Dodgers.
It is the thought by many that a decision will be made before the MLB owners’ meetings, which take place in New York May 17-18.