Talks between Sherman, Jeter and Loria have been ongoing for months.
Jeter has not been shy about his desire to own a baseball team.
A person familiar with the negotiations says the Miami Marlins have told Major League Baseball they intend to sign an agreement to sell the team to a group that includes former New York Yankees star Derek Jeter.
New York-based venture capitalist Bruce Sherman is leading the purchase group.
Jeter, who made $266 million in salaries on the field, is believed to be contributing $25 million to the purchase of the Marlins.
If reports are correct, "The Captain" is going to get his shot to show off what he learned from "The Boss", who was always a domineering presence in the Yankees organization.
Specifically, Jeter said he would like to be an owner like the late George Steinbrenner, whom Jeter played under for 16 seasons.
The Marlins are not contending for a playoff spot now, but could be a playoff team next season with the right additions.
But for most Marlins fans, just punting Loria out the door is a victory in and of itself. There is also how Loria managed to get the city of Miami to essentially give him hundreds of millions, according to Deadspin, to build a new baseball stadium in 2012. The deal will still have to approved by three-quarters of baseball's owners. However, Sherman will be designated as the control person.
But it does appear that the sale is much more likely to happen than it is not.