Ex-Marlins Owner Jeffrey Loria Reaches $4.2 Million Settlement On Sale Dispute

Miami FL

28 January, 2021

3:10 PM

Description

CBS Miami January 28, 2021 Former Miami Marlins owner Jeffrey Loria has reached a lawsuit settlement to reimburse local government $4.2 million for the cost of building Marlins Park, which opened in 2012. The payment stems from the $1.2 billion sale of the team in 2017 by Loria to Derek Jeter and his ownership group. In 2009, local government agreed to help pay for the ballpark in exchange for Loria's pledge to share profits if he later sold the team. Read more at CBS Miami