Report: Jeter-Bush group have agreement in principle to buy Marlins

The Miami Marlins could soon have new ownership.

The Marlins reportedly have an agreement in principle with the Jeb Bush/Derek Jeter-led group, a source told Barry Jackson of the Miami Herald, who adds the deal is pending approval by Major League Baseball and is expected to be worth around $1.3 billion.

Jackson was told Bush will be the person in control while Jeter plans to have an active role. It's also believed the group has more than five investors.

While the Marlins are optimistic that a deal will be finalized, Jackson also reports the process could take months.

When asked about a potential sale, Marlins president David Samson refused to acknowledge any deal.

"I have not commented on the process and plan to keep it that way," Samson said, according to Tim Healey of the Sun Sentinel.

Marlins owner Jeffrey Loria, who purchased the club in 2002 for $158.5 million, has been looking to sell the team in recent months.