You may not know this, but prior to George W. Bush becoming the 43rd President of the United States and while he was considering running for Governor of Texas, he was a managing partner of the Texas Rangers.
In April of 1989, Bush arranged a syndicate to purchase a controlling interest in the Rangers and then borrowed $500,000 so he could buy a small stake in the franchise. Following that, he convinced an investor group to make him the managing general partner.
And in an unlikely pairing, Jeb Bush is teaming with future hall of famer, Derek Jeter, to follow in his brother’s footsteps in buying a franchise. Only except, nobody wants him there.
Fox Business reported:
“In his first public remarks about his bid for the Miami Marlins, Jeb Bush sounded an optimistic note despite the nearly $1 billion that he and his partner Derek Jeter must raise to secure the deal.
Speaking at the Milken Conference today in Los Angeles, CA, the former governor of Florida said he has support from the City of Miami and a group of investors, suggesting a deal is in reach.
As FOX Business recently reported, the duo’s $1.34 billion bid for the team is hardly a lock; the duo must raise around $800 million to $900 million in cash from outside investors given Major League Baseball’s preference that they purchase the team without incurring massive debt.
At the conference, Bush said Jeter, a former star New York Yankee shortstop, would handle the day-to-day baseball operations of the club.
Bush also noted he would be more immersed on the business side, including possibly expanding team reach to Latin America, which he described as a potential huge new market for the MLB.
If his bid is approved, Bush said he would methodically manage the team not by embarking on a free agent spending spree, but instead would aim to “build the team patiently.”
‘Baseball doesn’t have a salary cap, which is what you have to self-impose as an owner,” Bush said. ‘You have to have the discipline to identify players the right way…There’s no correlation between high salaries and winning.’”
Why does Jeb think he’s an expert on managing a baseball team? It’s as if there’s this rampant elitism in the Bush family where they think they can do anything.
Jeb actually implied that Latin America is an untapped market. Is he delusional?
Latin America is already an enormous market in the MLB, especially when you consider the percentage of Latin American players in the league.
Fox Business concluded:
“Bush and Jeter are leading the group bidding to buy the Marlins from oft-maligned owner Jeffrey Loria, who has run a money losing enterprise since buying the team in 2002, ladened with a significant amount of debt.
Loria can command a piece well above the $158 million he paid 15 years ago because of the scarcity value of professional baseball teams.
Other potential bidders including a team led by Tagg Romney, the son of 2012 GOP presidential candidate Mitt Romney, have placed bids for the team albeit lower than Jeter and Bush.
The Miami mayor’s office did not return FOX’s calls for comment at the time of publication. A Marlins spokesman had no comment.
Bush also took a swipe at President Trump, who beat the former Florida governor during the often brutal 2016 GOP presidential sweepstakes, in which Trump coined him ‘low energy.’”
Why is Derek Jeter even associating himself with a Florida Governor who knows nothing about baseball?
This just seems like a long con on Jeter’s part to push out the Jeb Bush since Floridians want nothing to do with him.