Jeter, the former New York Yankees captain, plans to be a limited partner in charge of the business and baseball operations.
Sherman on receiving approval from the Major League Clubs as the new control person of the Marlins," Commissioner Rob Manfred said in a statement, "and look forward to Mr.
Marlin, and three special assistants to the owner — Hall of Famers Andre Dawson and Tony Perez, and former manager Jack McKeon, who led the Marlins to the 2003 World Series championship.
I have every confidence in their ability as the next stewards of the Miami Marlins to take us to new heights." Jeter, who lives in Tampa, was a 14-time All-Star shortstop who retired in 2014 after 20 seasons with the Yankees.
Minority owners are expected to include NBA Hall of Famer Michael Jordan, who will have a small stake.