Articles matching tag: Jeffrey Loria
- Column: Marlins Owner Jeffrey Loria About To Cash InDecember 29, 2016
Move over Ozzie and Daniel Silna. The brothers parlayed a $1 million investment in an American Basketball Association team in 1974 into an estimated $800 million return from NBA television rights over a period of 40 years. That deal is considered by many to be the greatest sports investment of all time. Miami Marlins owner Jeffrey Loria is about to trump that. In 1999, Loria, an art dealer who was educated at Yale and Columbia, purchased a 24 percent stake in the Montreal Expos for a mere $12 million investment, also becoming the team’s managing general partner. At the time, Loria was viewed by the locals as the savior of baseball in Montreal. Little did they know that he was really a wolf in sheep’s clothing. Loria quickly proved to be a deft opportunist and a master at taking advantage of fortuitous circumstances.