Despite a global pandemic and a previous deal with a minority owner that fell through, the Wilpon Family – owners of the New York Mets – are moving ahead with plans to sell the team. Mets fans rejoice.
To that end, a whopper of a possible bidder has emerged. It’s power couple time:
Whoa! Alex Rodriguez, Jennifer Lopez Retain JPMorgan to Raise Money for Mets Bid (EXCLUSIVE) https://t.co/Hfb6ktbYsm via @variety
— Marc Malkin (@marcmalkin) April 21, 2020
The previously reported deal – the one that fell apart with minority owner Steve Cohen – valued the club at $2.6 billion, and involved the Wilpon family retaining control of the team for a five-year phase out period. If the Mets are still valued in that range amid all this craziness, then it makes sense that ARod and JLo are working to find financing – their combined net worth, per Variety, is a mere $700 million.
That is to say, should these two lead a group to buy the Mets, they’d become something of a “face” of the ownership group, though they’d have to find some serious additional financial partners. Nevertheless, it would be kind of fun to have ARod back in the game as an owner, right?