Miami Marlins
Marlins owner reportedly has 'handshake agreement' to sell team for over $1 billion
Miami Marlins

Marlins owner reportedly has 'handshake agreement' to sell team for over $1 billion

Published Feb. 9, 2017 12:55 p.m. ET

The Miami Marlins reportedly have a "handshake agreement" in place to sell the MLB franchise for $1.6 billion, according to Mike Ozanian of Forbes.

Ozanian cited two anonymous sources, who told him that the potential buyer is a New York City real estate developer who does not currently have the liquid assets to purchase the team.

"The problem, according to these sources, is the potential buyer is not liquid, meaning he does not have the cash to buy the Marlins because his net worth is tied up in real estate. Thus, for the real estate developer to purchase the Marlins would likely require more debt than MLB would be comfortable with."

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