A person close to the negotiations says former Florida Gov. Jeb Bush is no longer interested in buying the Miami Marlins and has ended his participation in sales talks.
The person confirmed Bush’s decision to The Associated Press on condition of anonymity Tuesday because the Marlins have not commented on the status of the discussions. Bush led a group that included former New York Yankees captain Derek Jeter, who may still explore a bid with other investors.
The person confirming Bush’s decision didn’t give a reason, but said Bush and Jeter remain great friends.
Earlier this month, MLB commissioner Rob Manfred said Bush’s group was relatively even in its price offer with another group led by businessman Tagg Romney, son of former Republican presidential nominee Mitt Romney.
Manfred declined to comment Tuesday. Marlins president David Samson had no immediate comment, and a spokesman for Jeter didn’t respond to a request for comment. Tagg Romney has not publicly discussed his interest in the team.
Bush’s group and the Romney group had bid about $1.3 billion each to buy the team from Jeffrey Loria, who bought the Marlins for $158.5 million in 2002 from John Henry.