Alex Rodriguez, Jennifer Lopez take step towards buying NY Mets: ‘It’s real’

Lawrence Kim
April 22, 2020

Alex Rodriguez and Jennifer Lopez are going to try to bid on the New York Mets, sources tell Variety and the New York Post.

According to reports from Variety, sources familiar with the matter say that Rodriguez and Lopez have "retained JPMorgan Chase" for the goal of raising capital to help finance a possible bid.

Menell runs the company's North American media investment banking.

During an appearance last month on NBC's The Tonight Show with Jimmy Fallon, Rodriguez said: "I will say this, if the opportunity [to buy the Mets] came up, I would certainly look at it".

As we previously reported, the Wilpon family - which now owns the Mets - are looking to sell in a big way. He played 22 seasons of professional baseball, including 12 with the Yankees, winning a World Series in 2009.

The Wilpon family's controlling interest in the Mets have been very publicly up for grabs since the deal to sell as much as 80 percent of the team to hedge fund magnate and Mets minority owner Steve Cohen fell through. Those conditions are not believed to be attached to any future deal - which is likely to be put on hold until the Major League Baseball season can resume.

When he became a free agent for the first time in the 2000-01 offseason, Alex Rodriguez considered signing with the Mets-but he instead ended up signing a 10-year/$252 million deal with the Texas Rangers.

Meanwhile 50-year-old J-Lo - who is from the Bronx, the home of the Yankees - is still enjoying a thriving career as an recording artist and actress.

As Soshnick notes, Rodríguez and Lopez would need to partner up with others with deep pockets as the duo's combined net worth is approximately $700 million.

To get any deal over the line, A-Rod and J-Lo will likely have to compromise a small percentage of the ownership group.

Other reports by Click Lancashire

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