Major league owners have unanimously approved the sale of the team by Jeffrey Loria to an investment group led by Derek Jeter and Bruce Sherman.
Major League Baseball announced the approval, which was done via conference call Wednesday.
A signed $1.2 billion agreement was submitted to Major League Baseball last month to sell the Marlins to a group led by Sherman, a venture capitalist who will be the controlling owner. Jeter, the former New York Yankees captain, plans to be a limited partner in charge of the business and baseball operations.
The closing on the sale is expected within a few days.
Jeter was a 14-time All-Star shortstop who retired in 2014 after 20 seasons with the Yankees. He has long talked of his desire to own a team.
