The Miami Herald reports the group headed by former Florida Governor Jeb Bush and retired Yankees superstar Derek Jeter won the bidding war for the Miami Marlins. The team’s current owner is Jeffrey Loria. The price is $1.3 billion dollars. According to Herald reporter Barry Jackson:

Miami Marlins owner Jeffrey Loria has reached an agreement in principle to sell the team to a group led by former Florida Governor Jeb Bush and including former New York Yankees star Derek Jeter, pending Major League Baseball approval and other details still to be worked out in the drawing up and execution of a contract, an MLB source said Tuesday.

Jackson says Governor Bush will be the “control person” of the the new ownership group. Jeb won’t be the first Bush in the Major League Baseball business. Former President George W. Bush was the owner of the Texas Rangers.