Lawyers from a handful of Am Law 100 firms are advising on the proposed $1.2 billion sale of Major League Baseball’s Miami Marlins to an ownership group led by former New York Yankees star Derek Jeter and venture capitalist Bruce Sherman. A final deal is expected to close in time for the World Series in October.
News of Jeter’s interest in the Marlins first emerged in April, when he and former Florida Gov. Jeb Bush were reported as having reached a tentative agreement to buy the team for $1.3 billion. The American Lawyer reported at the time on Wachtell, Lipton, Rosen & Katz being retained by Jeter and Bush for their joint bid, while Marlins owner Jeffrey Loria turned to Proskauer Rose.
