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.
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