With the sale of the Corgo ship to Corgo Capital, the Miami Marlins are “very, very close” in getting the new owner.
The team said Wednesday that it has reached an agreement to sell the vessel to Corso Capital Partners, a group led by billionaire Peter Corso.
The sale of Corgo is the latest in a series of transactions that have made the Marlins the world’s most valuable team, with a valuation of more than $1 billion.
The Marlins, who are tied for first place in the National League East, are headed to the World Series in 2019 after their improbable 2015 World Series run.
Corso said he’s “very pleased” with the progress made and plans to spend $5 billion to renovate and expand Marlins Park and the nearby Miami Marlins Stadium.
He also said the Marlins are looking to bring back some of their former players from other teams in a move that will give the team more stability.
But the Marlins won’t be able to sell their existing assets until 2019, a deadline that could force the team to make a tough decision.
Miami’s previous owner, the Tampa Bay Rays, bought the team from Florida State University in 2011.