Derek Jeter is closer to obtaining the necessary funds to purchase the Miami Marlins, but still does not have enough to complete the sale, according to The Miami Herald.
Jeter met with MLB Comissioner Rob Manfred and the Miami Marlins in New York on Thursday, and the meeting ended with the understanding that Jeter will continue to work towards finding the money he needs to buy the team, an MLB source said to the Miami Herald.
Jeter was also joined by Greg Fleming, who previously served as Morgan Stanley Wealth Management's chief and is helping Jeter by adding his own finances.
Jeter is only providing $25 million out of the $1.3 billion that is needed to purchase the team, and Jeter seeks control of the team's baseball operations.
Although Marlins owner Jeffrey Loria has reportedly shown interest in selling the team to Jeter, he is not ruling out the possibility of selling it to Tagg Romney, according to The Herald.