Major League Baseball owners approve the sales of the Florida Marlins and Montreal Expos

On February 11 2002 — Major League Baseball owners approve the sales of the Florida Marlins and Montreal Expos. Florida owner John Henry is selling the Marlins to Jeffrey Loria for $158.5 million, while Loria is selling the Expos to Baseball Expos LP, a limited partnership owned by the other 29 teams, for $120 million. The sales won’t officially close until later this week.

 

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