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Rothbaum, Bush Reportedly Drop Bid for Marlins

Miami MarlinsA group including Quogue Capital investment fund founder Wayne Rothbaum and former Florida Gov. Jeb Bush has reportedly dropped out of the bidding for the Miami Marlins, leaving Jorge Mas Santos and a group led by former Yankee great Derek Jeter alive in an attempt to land the Fish.

The asking price for the Marlins has also reportedly lowered. At one point the Jeter group had offered $1,3 billion for the team, but has not been able to raise that much money. As a result, the new asking price for the team is reportedly under $1.2 billion–$1.17 billion, to be exact.

The bidding groups have changed over time. At one point Bush was part of the Jeter group, which also includes Florida money manager Bruce Sherman and tech pioneer Michael Dell. However, Bush then went over to the Rothbaum group, which at the time was headed by venture capitalist Tagg Romney, son of venture capitalist and former presidential candidate Mitt Romney.

Things are certainly coming down to the wire. An upcoming MLB owners meeting in Chicago could include a presentation on any sales decisions.

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