Derek Jeter has sold his stake in the Miami Marlins and stepped down as the team's chief executive officer, the Major League Baseball club announced on Monday.
Jeter, who won five World Series titles during a celebrated Hall of Fame career as a player with the New York Yankees, obtained a 4% interest in the team in 2017 and oversaw day-to-day operations.
"The Miami Marlins and Derek Jeter announced today that they have agreed to officially end their relationship," Marlins chairman Bruce Sherman, who heads up the ownership group, said in a statement on MLB.com. "The Marlins thank Derek for his many contributions and wish him luck in his future endeavours.