Drudge Retort: The Other Side of the News
Tuesday, April 10, 2018

Root, root, root for the ... international offshore holding corporation? The Miami Marlins are claiming corporate citizenship in the British Virgin Islands in an effort to have a federally appointed arbitrator take over the lawsuit by Miami and Miami-Dade County to recover a share of the profits from Jeffrey Loria's $1.2 billion sale of the team to Derek Jeter and partners last fall. Lawyers representing the Marlins told a federal judge that at least one corporation that owns part of Marlins Teamco -- the company Jeter and majority owner Bruce Sherman formed last year to buy the franchise -- is based in the Caribbean. As a result, team lawyers argued, the dispute with Miami-Dade should be governed by jurisdictional rules that apply to international disputes.





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I hope Marlin fans show them how they feel about these cheap bastards.

#1 | Posted by danni at 2018-04-10 02:50 PM | Reply

I'm confused. Jeter wrote a check to Loria for $1.2 Bil. Why are Miami and Dade County going after and trashing Jeter? They claim to want a piece of the sale. That should come from Loria and Jeter shouldn't have anything to do with it. As for it being incorporated or whatever in the Virgin Islands, no major US sports franchise should be able to do that. Maybe they should deport the whole team. Many of the players could commute home at night.

#2 | Posted by bogey1355 at 2018-04-10 03:28 PM | Reply

I wondered the same. I found this in a different article

"At issue is $50 million in sale proceeds that Loria agreed to reserve to cover any claims from Jeter and partners as the buyers. Miami-Dade wants a judge to bar either side in the deal from draining that fund until the county can decide on how much profit-sharing revenue it wants to pursue."


#3 | Posted by johnny_hotsauce at 2018-04-10 07:02 PM | Reply


Do you realize the people you're mad at are no longer owners of the Marlins.

#4 | Posted by bayviking at 2018-04-11 06:50 AM | Reply

This why I care not a whit about ANYTHING related to Shooty Hoops Sportsball. I can not imagine a circumstance where I could ever afford to attend any sport event. That the team owners could run a scam on taxpayers is not surprising in the least.

#5 | Posted by john47 at 2018-04-11 08:53 AM | Reply

"Do you realize the people you're mad at are no longer owners of the Marlins."

They were supposed to have put $50 million in escrow to settle any claims made by Miami or Miami-Dade County. Both Loria and the Jeter group are trying to renege on the deal. Someone needs to pay up or else I hope the city and country can put a lien on the ownership rights to the Marlins.

#6 | Posted by danni at 2018-04-11 12:23 PM | Reply

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