By BOBBY DUNCAN”The future of basketball in Miami is in doubt,” Miami Marlins President Michael Hill said Tuesday in a press conference at Marlins Park.
“The Marlins will never have the ability to play in the NBA and the Miami Heat will never be able to compete for championships in the United States.
The team’s future has been lost.”
The Marlins are in a state of turmoil after ownership announced Tuesday they would sell their team, citing financial issues and a need for stability.
The team, which is owned by the Florida-based Miami Heat LLC, has been under contract for the next four seasons.
The franchise currently sits on an estimated $150 million in debt.ESPN’s Bob Dylan and The Associated Press contributed to this report.