Jeter’s Marlins launch wild ploy to try to beat Miami lawsuitNews 

Jeter’s Marlins launch wild ploy to try to beat Miami lawsuit


Jeter’s Marlins launch wild ploy to try to beat Miami lawsuit

No wonder nobody in Miami cares about the Marlins.

In order to avoid legal proceedings taking place in a local court, regarding Miami and Miami-Dade County’s attempt to recover some of its share of profits from Jeffrey Loria’s $1.2 billion sale of the Marlins to Derek Jeter and his partners last year, the Marlins’ lawyers are attempting to have a federally appointed arbitrator take over the lawsuit by having the team claim corporate citizenship in the British Virgin Islands, according to a Miami Herald report.

So, the Miami Marlins are truly based in the Virgin Islands, is the argument.

One corporation (Abernue Ltd.) with an ownership stake in Marlins Teamco — founded by Jeter and majority owner Bruce Sherman — is incorporated in the Caribbean territory. And because of that one corporation, Loria and Jeter want to turn a Miami dispute into an international one.


A Miami-Dade judge already has sided with Miami and Miami-Dade, in a preliminary ruling that rejected arbitration. The city and county are entitled to a share of the profits, since Miami owns the stadium’s parking garages, and Miami-Dade owns the stadium.

“One of the members of Marlins Teamco is a corporation incorporated in the British Virgin Islands with its principal place of business in the British Virgin Islands,” the Marlins wrote in the court filing last month. “Accordingly, Marlins Teamco is a citizen of the British Virgin Islands” under federal law governing treaties.

Predictably, Miami-Dade lawyers found the team’s claim as an international corporation ridiculous. Loria has not paid the city, or county, which filed suit in February against the team’s former, and current owners. Loria claims he lost $140 million on the sale of the team — which be bought for $159 million — and the county is suing Jeter’s ownership group, claiming it is contractually responsible for the accounting dispute.

“This is the most local of disputes, involving a locally-negotiated contract made between local parties under local law and requiring local performance,” county lawyers wrote. “If even one of the Jeter Marlins’ members is a United States citizen, then the Jeter Marlins is a United States citizen.”

Miami citizens already have demonstrated their refusal to give Jeter a chance, following the team’s latest fire sale. Monday’s generously announced attendance of 7,003 — largely filled with Mets fans — was the smallest attendance in Marlins Park history, and the second-smallest home crowd in any home stadium this decade.


Related posts

Leave a Comment