Derek Jeter dropped some shocking news on Monday.
The Hall of Fame shortstop announced that he will no longer be a part of the Miami Marlins organization and is stepping down as CEO and will no longer be a shareholder.
“We had a vision five years ago to turn the Marlins franchise around, and as CEO, I have been proud to put my name and reptuation on the line to make our plan a reality,” he said in a statement. “Through hard work, trust and accountability, we transformed every aspect of the franchise, reshaping the workforce, and developing a long-term strategic plan for success.
“That said, the vision for the future of the franchise is different than the one I signed up to lead. Now is the right time for me to step aside as a new season begins.”
The full statement is below:
Jeter, 47, was part of the ownership group led by Bruce Sherman to purchase the Marlins in September of 2017.
Jeter owned a 4% stake in the franchise but was named CEO and oversaw day-to-day operations of the team.
It’s unclear what Jeter plans to do next.
Related
According to ESPN's Buster Olney, Jeter expected his ownership stake to grow, but that has not happened.
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