MLB Approves Smiley’s Potential Purchase of Team
Major League Baseball’s Executive Council approved Marlins’ President Don Smiley as the new Managing Partner of the Florida Marlins. This gave Smiley advance approval of his bid to purchase the team. He will “own” the team even though his purchase is not completed. The acquisition should be completed in June. The team will have 15 investors at $150 million. Wayne Huizenga and Whit Hudson will remain minority owners with no influence on the teams’ operation.