For those asking if Loria can sell the Marlins: Yes, If he sells early next year, pays less than 10% of proceeds above $250MM.
Here is the Non-relocation agreement with the specific language on page 8.
For those asking if Loria can sell the Marlins: Yes, If he sells early next year, pays less than 10% of proceeds above $250MM.
Here is the Non-relocation agreement with the specific language on page 8.
@fishatbat Would make sense to give a new owner clean slate. #crossingfingers
@fishatbat Dallas Mavarlins
@fishatbat Think deal precludes Loria from selling the team for 5 more years. City/County didn’t want Loria 2 flip it right away 4 profit.
@janewins1 @fishatbat no he can sell it but faces a tax essentially by doing so