How Jeffrey Loria's French ambassador role can ruin Kushner-Marlins sale
17 February, 2017, 00:35 | Author: Nora May
Jeffrey Loria has been negotiating to sell the Miami Marlins to the family of Jared Kushner, an adviser and son-in-law to President Donald Trump, at the same time that Loria is reportedly under consideration by the Trump administration to be US ambassador to France.
According to reports, Donald Trump's chief of staff Reince Priebus pushed for, and the President signed off on, Loria's appointment.
He continued: "If that is true, we do not want this unrelated transaction to complicate that process and will not pursue it. The Kuchners remain interested in purchasing a team and would love to buy the Marlins at another time".
It was the first confirmation of the Kushners' efforts to buy the team since Forbes and other media outlets reported last week that Loria had a preliminary agreement with a NY businessman, believed to be Joshua Kushner, to sell the Marlins for about $1.6 million. Loria's asking price was $1.6 billion. Loria had bought the team for $158 million 15 years earlier.
Joshua Kushner, whose older brother is an adviser to the president, has a preliminary agreement to buy the Marlins.
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Loria, a Jewish art dealer from NY, owned the Montreal Expos (now the Washington Nationals) in the early 2000s.
The potential sale of the Miami Marlins could be on hold due to current owner Jeffrey Loria's diplomatic future. He is also the son of real estate mogul and convicted felon Charles Kushner.
Loria would be the second sports team owner to be an ambassador for the Trump administration. In 2016, Loria also gave $33,400 to the Republican National Committee and $84,660 combined to 20 state Republican Party groups.
Loria donated $125,000 to the Trump Victory Committee past year, according to finance reports.
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