Tom Glavine Joins Tagg Romney's Team in Bid for Miami Marlins
(Bloomberg) -- Derek Jeter and Tom Glavine faced each other 39 times as players. They’re facing off again -- this time to buy the Florida Marlins.
Glavine, a Hall of Fame pitcher, is part of a group led by Solamere Capital co-founder Tagg Romney, a person with knowledge of the process said. Romney’s bid doesn’t include his father, Mitt, a former presidential candidate and a co-founder of Bain Capital.
The person requested anonymity because the process is private. Tagg Romney didn’t immediately return a message left at Boston-based Solamere.
Other final bidders for the team are groups that include Quogue Capital founder Wayne P. Rothbaum, former Florida Governor Jeb Bush and Jeter, who retired from baseball in 2014 after 19 years and 3,465 hits for the Yankees.
Bush and Jeter have discussed combining their bids but haven’t committed to anything, a person familiar with the process said.
Before he retired in 2008, Glavine played 22 years in the majors, mostly with the Atlanta Braves. He also played for the New York Mets.
Jeter hit .306 against Glavine in those 39 plate appearances, with three home runs and six RBI. Glavine struck out the future Hall of Famer five times.
Bids for the Marlins are between $1.2 billion and $1.3 billion, a person familiar with the process said. That would be a premium to Forbes’ $940 million valuation of the team and an eightfold return for owner Jeffrey Loria, who bought the Major League Baseball team in 2002 for $158 million.