The Miami Marlins are a Major League Baseball (MLB) franchise based in Miami, Florida. They compete in the National League (NL) East Division and play their home games at LoanDepot Park. Founded in 1993 as the Florida Marlins, the team was renamed the Miami Marlins before the 2012 season. The Marlins have won two World Series championships—in 1997 and 2003.
Ownership Status of the Miami Marlins
The Miami Marlins are privately owned, meaning they are not publicly traded on a stock exchange. The franchise’s ownership currently rests with a private investment group led by Bruce S. Sherman, who serves as the chairman and principal owner of the team.
Principal Owner
- Bruce S. Sherman – Principal owner and chairman of the Miami Marlins.
Sherman’s role as principal owner means he is the main decision-maker and bears ultimate responsibility for the team’s direction, both on and off the field.
How Bruce Sherman Became the Owner
In October 2017, a group of investors led by Bruce Sherman and including former New York Yankees legend Derek Jeter completed the purchase of the Miami Marlins for approximately $1.2 billion. MLB team owners approved the sale, and Sherman became the franchise’s principal owner and chairman. Jeter initially served as the team’s CEO and a shareholder, though he later relinquished his ownership stake in February 2022 and departed the organization.
Today, Bruce Sherman remains the chief owner, with no current indications that he plans to sell the team.
About Bruce Sherman
Bruce S. Sherman is an American businessman known for co-founding and leading the wealth management firm Private Capital Management earlier in his career. Over time, he shifted into sports ownership and became involved in MLB’s ownership ranks through the acquisition of the Marlins. As the majority owner and chairman, Sherman is responsible for guiding the franchise’s long-term strategy, investment decisions, and front-office leadership.
In the years since purchasing the Marlins, Sherman has emphasized a focus on building the club’s infrastructure, investing in player development, and expanding the team’s footprint in South Florida.
Bruce Sherman Net Worth
Bruce Sherman’s net worth is estimated to be between $400 million and $600 million, based on publicly available business records, MLB ownership disclosures, and financial reporting by major U.S. media outlets. His wealth primarily comes from his career in investment management, where he co-founded Private Capital Management, a successful money management firm that handled billions of dollars in assets at its peak. A significant portion of his net worth is also tied to his ownership stake in the Miami Marlins, which he purchased in 2017 as part of a $1.2 billion deal. Like most private sports owners, Sherman’s exact net worth is not officially disclosed and can fluctuate based on franchise valuation, investments, and market conditions
Ownership History (Context)
Here’s a brief look at how ownership of the Marlins has evolved:
| Owner / Group | Years |
|---|---|
| Wayne Huizenga | 1993 – 1998 |
| John W. Henry | 1999 – 2001 |
| Jeffrey Loria | 2002 – 2017 |
| Bruce Sherman (current owner) | 2018 – present |
Note: Derek Jeter was a partner in Sherman’s ownership group from 2017 until early 2022, but he no longer holds an ownership stake.
FAQs
1. Who currently owns the Miami Marlins?
The team is owned by a private investment group led by Bruce S. Sherman, who serves as principal owner and chairman.
2. Is Derek Jeter still an owner of the Marlins?
No. Although he was part of the ownership group that purchased the team in 2017, Derek Jeter relinquished his stake in 2022.
3. Has the team ever been publicly traded?
No. The Miami Marlins have always been privately owned since the franchise was established.
4. Who decides major team decisions?
Major strategic and operational decisions are overseen by Bruce Sherman as principal owner, with support from the front office and baseball operations leadership.
5. Are there plans to sell the team?
As of the latest available information, Sherman has stated he has no current plans to sell the Marlins.