HispanicBusiness

An offer by former Florida Gov. Jeb Bush to buy the Florida Marlins has been rejected by team owner Jeffrey Loria, The Miami Herald reports.

Despite a "large offer" to buy the team, Bush became the latest of about a half dozen suitors to be turned down by Loria, the newspaper reported Wednesday.

The group of wealthy investors put together by Bush reportedly included Venezuelan media mogul Gustavo Cisneros.

Bush declined to discuss the report or if he would have been the Marlin's chief executive officer and managing partner if the team had been sold.

Under MLB rules, Bush could be the team's managing partner even if he owned only a small percentage.

After 2014, 72-year-old Loria would have more incentive to sell because he would no longer have to split profits with Miami-Dade County.