Derek Jeter was a highly successful player on the baseball diamond. He bid farewell to the ballpark as a player in 2014. But his passion for baseball made him stay connected with the sport beyond retirement. After retirement, he joined the ownership group of an MLB team. 

Jeter turned into the Co-owner and CEO of the Miami Marlins in 2017. He even bid for a franchise takeover in partnership with the NBA icon Michael Jordan. A legendary player himself, Jordan too, turned into a franchise owner post-retirement. 

However, Jeter’s stay in the Marlins’ administration was rather short-lived. His role as a franchise owner was not as fruitful as his playing days. Most of his decisions received negative criticism from experts and fans alike. Therefore, he resigned from his duties within a brief tenure. 

Derek Jeter: The sudden end to a distant vision 

Derek Jeter has been a proven sporting genius since his playing days. But he made some obscure blunders as the Marlins’ CEO and co-owner. One of his most criticized decisions was to trade off star slugger Giancarlo Stanton to the New York Yankees in 2018. Moreover, Jeter couldn’t bring much change to the Marlins’ fortunes as the seasonal struggles continued. 

Trending

Billionaire Michael Jordan’s Drink With Derek Jeter Was Enough for Yankees Legend to Invest in $11.69 Billion Worth Industry

May 03, 2024 01:00 PM EDT

Shaquille O’Neal and TNT Co-Hosts to Part Ways After 13 Years? Analyzing “Inside the NBA” Hurdles That Might End an Era

May 04, 2024 02:30 PM EDT

Ty Lue Doesn’t Want To Coach Lakers & LeBron James As Billionaire Steve Ballmer’s Charm Traps 47YO Veteran

May 04, 2024 06:42 AM EDT

Brittney Griner Blasts WNBA for Ruining Angel Reese and Kamilla Cardoso’s Debut: “In No World Does It Make Sense…”

May 04, 2024 01:10 PM EDT

Billionaire Michael Jordan’s $20 Million Venture’s Identical Logo to Puma Gets Defended by Dwyane Wade: “I’m Not Even Getting Paid”

May 03, 2024 06:07 AM EDT

Get instantly notified of the hottest NBA stories via Google! Click on Follow Us and Tap the Blue Star.

Follow Us

Jeter joined the Marlins franchise as a member of Bruce Sherman’s ownership group. They purchased the team from Jeffrey Loria for $1.2 Billion. Jeter held a four percent stake in the franchise. Another marquee member of the ownership group happened to be retired basketball legend Michael Jordan. Claiming a small share, Jordan held a stake of $5 million dollars in the franchise. 

However, citing differences of opinion as a reason, Jeter decided to resign abruptly.

According to a source, Jeter released a statement about his decision stating, “Today I am announcing that the Miami Marlins and I are officially ending our relationship and I will no longer serve as CEO nor as a shareholder in the Club. We had a vision five years ago to turn the Marlins franchise around, and as CEO, I have been proud to put my name and reputation on the line to make our plan a reality. Through hard work, trust and accountability, we transformed every aspect of the franchise, reshaping the workforce, and developing a long-term strategic plan for success.”  

Michael Jordan Spent a Fraction of His $1.7 Billion Fortune to Fuel Long-Time Friend Derek Jeter’s Ambitious MLB Dream

Jeter further wrote, “That said, the vision for the future of the franchise is different than the one I signed up to lead. Now is the right time for me to step aside as a new season begins.”  

Jeter’s life in the present day 

Away from the active baseball action and boardroom decision-making, Jeter now lives a normal family life. He is happily married to supermodel Hannah Davis (Jeter). The couple is a set of parents with three daughters. 

Watch This Story – Derek Jeter Steps Down As CEO Of Miami Marlins – What Went Down As Yankees Legend Walked

So, what do you think of Derek Jeter’s opinion?