It appears that former Florida Gov. Jeb Bush and Yankees legend Derek Jeter were caught looking and have struck out in their effort to buy the Miami Marlins, The Post has confirmed.
This is quite a turn from May 2, when Bush told The Post he was confident he would soon be the Marlins owner.
“Either someone [a Bush money man] dropped out or they were talking positive to get others interested,” a sports banker speculated.
Bush and Jeter did not come close to raising the money to fund the more than $1 billion in equity needed to buy the team for $1.3 billion, sources said.
It was the governor’s job to raise the money, and Jeter was there to attract investors, sources said.
“I’m not surprised,” a source close to the situation said, adding that the funds were just not there.
Jeter may try to put a group together without Bush.
The Associated Press first reported on the Bush/Jeter group dropping out.
Another former Yankee may have entered the fray, a source close to the situation said.
Former Yankees pitcher and current YES Network commentator Al Leiter has joined the Tagg Romney-led bidding team that is the only other group still pursuing the Marlins, a source said.
Leiter started game 7 for the Marlins when they won the 1997 World Series and currently provides commentary for some of the Marlins broadcasts and MLB Network.
The Romney group, which also includes former pitchers Tom Glavine and Dave Stewart, is still trying to find the money needed to buy the team but as of a week ago was roughly $400 million short, the source said.
That bid, too, feels like it is failing, a sports banker said.
Tagg Romney likely does not need Jeter, who does not bring much money in to co-invest, sources speculated.
For Jeter, this has to be a tough loss, a source who knows him said. Jeter’s hero is basketball great Michael Jordan, who in 2006 bought a minority stake in the NBA’s then-Charlotte Bobcats and became head of basketball operations.