Field Level Media
30 May 2020, 09:25 GMT+10
Alex Rodriguez and Jennifer Lopez reportedly aren't giving up on their desire to purchase the New York Mets.
While the power couple's first attempt at acquiring the team recently fell apart, they are now working with JPMorgan Chase bankers to produce a second bid, the New York Post reported Friday night.
The newspaper cited anonymous sources saying that actress-singer Lopez and retired baseball star Rodriguez are willing to invest "hundreds of millions" out of their pockets to acquire the Mets.
Per the Post, the Wilpon family, who own the Mets, are growing more eager to unload the team as their finances take a hit due to baseball's shutdown during the coronavirus pandemic. The newspaper added that the Wilpons are now willing to package SNY, the Mets' cable network, for sale along with the club.
The Wilpons' previous unwillingness to include SNY in the deal helped sink the first bid from Rodriguez and Lopez, according to the Post.
The Wilpons initially were reported to be shopping the Mets in December, when billionaire hedge-fund founder Steve Cohen attempted to acquire 80 percent of the team. Cohen already was a minority owner of the team.
Cohen announced in February that his bid to gain controlling interest had failed, news that was followed shortly by reports of interest from Rodriguez and Lopez.
Last month, Forbes placed the Mets' value at $2.4 billion, a 4 percent rise from last year. The Mets' ranked sixth on Forbes list of values for Major League Baseball teams, trailing only the New York Yankees ($5 billion), Los Angeles Dodgers ($3.4 billion), Boston Red Sox ($3.3 billion), Chicago Cubs ($3.2 billion) and San Francisco Giants ($3.1 billion).
Rodriguez, 44, was a three-time Most Valuable Player and 14-time All-Star in a 22-year major league career that included stints with the Seattle Mariners (1994-2000), Texas Rangers (2001-03) and New York Yankees (2004-13). His career accomplishments were tarnished by his admitted use of performance-enhancing drugs.
Lopez, 50, has enjoyed success as both a movie star and a singer. Fox Business reported in February that her net worth is between $225 million and $400 million, with Rodriguez's net worth estimated at $300 million to $350 million.
--Field Level MediaGet a daily dose of Boston Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Boston Star.
More InformationNEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...
PARIS, France: Fast-fashion giant Shein has been fined 40 million euros by France's antitrust authority over deceptive discount practices...
PALO ALTO/TEL AVIV: The battle for top AI talent has claimed another high-profile casualty—this time at Safe Superintelligence (SSI),...
FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...
FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
(Photo credit: Mark J. Rebilas-Imagn Images) The Washington Nationals dismissed manager Dave Martinez and general manager Mike Rizzo...
(Photo credit: Rafael Suanes-Imagn Images) Trevor Story and Ceddanne Rafaela each homered to help the visiting Boston Red Sox complete...
(Photo credit: Rafael Suanes-Imagn Images) Trevor Story and Ceddanne Rafaela each homered to help the visiting Boston Red Sox complete...
(Photo credit: Bruce Kluckhohn-Imagn Images) The Washington Wizards completed a three-team trade on Sunday, acquiring guard CJ McCollum,...
(Photo credit: Jayne Kamin-Oncea-Imagn Images) League rebounding leader Angel Reese of the Chicago Sky and assists leader Alyssa...