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A Real Fish Tale: Rothbaum Reportedly Will Not Be Joining Bush-Jeter Marlins Bid

Quogue Capital Founder Wayne Rothbaum "won’t join" the Jeb Bush-Derek Jeter bid for the Marlins, according to a source cited by Scott Soshnick of BLOOMBERG NEWS. A source said that Rothbaum "had been in talks to contribute" $150M to the $1.3B bid. However, Rothbaum bowed out because he was "unable to reach agreement on the terms of his investment." Soshnick reported losing Rothbaum "calls into question whether Jeter and Bush can raise the money they need to finance their bid, which was provisionally accepted" by Marlins Owner Jeffrey Loria (BLOOMBERG NEWS, 5/18). MLB Commissioner Rob Manfred on Thursday said that the two groups trying to purchase the Marlins -- Bush-Jeter and a group headed by Tagg Romney and Tom Glavine -- are "neck-and-neck in their pursuit." In Miami, Clark Spencer notes whether either entity has "met the financial requirements to buy the club" Loria is the question. Both groups reportedly are "still looking for investors to help meet" the $1.3B price. Manfred said, "The bidders are in relatively the same place in terms of price -- maybe minuscule differences. And they are in fact in the price range that Mr. Loria was looking for." He added that the "final negotiations at this point are between the bidding groups and the Marlins." Spencer notes Bush is "not limiting his fundraising efforts to deep-pocketed investors." A MLB source said that the Bush group has "cast a net in search of investors willing to contribute" as little as $10M, or less than 1% of the bidding price (MIAMI HERALD, 5/19). Sources said that a resolution is expected before the next set of owners' meetings in August, and perhaps before the Marlins host the All-Star game in July (Eric Fisher, Staff Writer).

SECRET WEAPON? USA TODAY's Bob Nightengale profiles Steelers investor and Baseball HOF BOD member Thomas Tull and writes there is "no doubt among baseball’s hierarchy that one day, perhaps sooner than anyone anticipates," Tull will join their "exclusive ownership circle." Tull and Jeter "are close," and he "could be the lead investor" in the Bush-Jeter bid for the Marlins. However, Tull said that the "locale and timing" of the Marlins’ sale "isn’t quite right." Nightengale notes Tull "scoffs at the notion" that Bush-Jeter are "having trouble landing investors ... without his financial support." He believes that Jeter could "attract virtually any investor he desires." Tull: "I don’t think Derek’s going to need any help on that front. Derek Jeter would be the last guy I would try and bet against." Nightengale notes it was often "suspected that if Jeter ever was involved with a team, Tull would be his lead investor." When the news broke that Jeter and Bush were partners in their bid, Tull was "believed to be the power broker behind the scenes." Tull actually explored purchasing the Padres in '12 until the deal fell though (USA TODAY, 5/19).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

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