Charles Kushner part of group bidding for Miami Marlins: report

Developer considered buying an NBA team before

New York /
Feb.February 09, 2017 06:32 PM

Fair ball? Charles Kushner is part of an investor group looking to buy the Major League Baseball team Miami Marlins.

It wasn’t clear whether Kushner is the main bidder in the group, or whether a deal is likely. According to Forbes, buying the team would likely cost $1.6 billion and require $600 million in cash.

Kushner, who headed the namesake real estate company until his 2005 imprisonment for tax evasion and witness tampering, has quietly been taking on a more active role in the business since his son and CEO Jared left to become a White House advisor.

According to ESPN, Charles previously toyed with the idea of buying a basketball team and in 2012 Jared briefly submitted a bid to buy the Los Angeles Dodgers baseball team (which was previously owned by developer Frank McCourt).

The Marlins’ current owner, art dealer Jeffrey Loria, bought the team for $158 million in 2002. He’s been widely criticized in baseball for annually collecting tens of millions in revenue-sharing dollars, cashing in on a publicly-financed new stadium, and perpetually dumping some of the game’s best talent to pocket additional revenue.

Owning sports teams is a popular pastime for New York real estate developers. Related Companies’ Stephen Ross owns the Miami Dolphins football team and Bruce Ratner for years owned a stake in the Brooklyn Nets. [ESPN]Konrad Putzier


Related Articles

arrow_forward_ios
The price of a new home in China’s largest cities fell for the first time since 2015
New home prices in China’s largest cities fall for first time since 2015
New home prices in China’s largest cities fall for first time since 2015
Real estate powers Blackstone’s best quarter ever
Real estate powers Blackstone’s best quarter ever
Real estate powers Blackstone’s best quarter ever
Terreno Realty CEO W. Blake Baird and an aerial of the property (Google Maps)
Terreno Realty pays $44M for NJ industrial site
Terreno Realty pays $44M for NJ industrial site
Madison Realty Capital Co-Founders Josh Zegen and Brian Shatz with a rendering of the River North development (Madison Realty Capital, FXCollaborative)
Madison Realty’s altered plans for SI complex approved
Madison Realty’s altered plans for SI complex approved
Pandemic forces mom-and-pop landlord to sell out
Pandemic forces mom-and-pop landlord to sell out
Pandemic forces mom-and-pop landlord to sell out
PBC's Eli Elefant and 452 Fifth Ave (PBC)
Elefant’s PBC to liquidate $2B in US real estate, including HSBC building
Elefant’s PBC to liquidate $2B in US real estate, including HSBC building
Chinese developer willing to sell Manhattan supertall site at big loss
Chinese developer willing to sell Manhattan supertall site at big loss
Chinese developer willing to sell Manhattan supertall site at big loss
SL Green CEO Marc Holliday, Chelsea Piers Fitness CEO David Tewksbury and One Madison Avenue (Getty, SL Green)
Chelsea Piers is coming to SL Green’s One Madison
Chelsea Piers is coming to SL Green’s One Madison
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...