Miami-Dade County and the city of Miami, FL sue former Marlins owner Jeffrey Loria for failure to execute a clause in the contract through which the governments provided funding for the construction of Marlins Park, which called for Loria to pay a 5% equity on any profit from the sale of the team. Through what the city and county call “fuzzy math”, Loria claims to have made a loss on the sale, even though he received $1.2 billion for the team, having bought it for $158 million in 2002.

On February 16 2018 — Miami-Dade County and the city of Miami, FL sue former Marlins owner Jeffrey Loria for failure to execute a clause in the contract through which the governments provided funding for the construction of Marlins Park, which called for Loria to pay a 5% equity on any profit from the sale of the team. Through what the city and county call “fuzzy math”, Loria claims to have made a loss on the sale, even though he received $1.2 billion for the team, having bought it for $158 million in 2002.

Source:
Baseball Reference February 16
SABR Games Project
National Pastime February 16
Hall of Fame
Replay The Game
Retro Sheet

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