Part-owner Steve Cohen’s bid to buy a controlling stake in the New York Mets fell apart in February, with both sides blaming each other, but current owners Fred and Jeff Wilpon said at that time they would continue trying to sell the team. And they might have an interesting new bid to consider. Scott Soshnick, the former Bloomberg reporter who’s the editor of the upcoming Sportico sports business site Penske Media plans to launch this summer, has a piece in Penske-owned Variety reporting that Alex Rodriguez and Jennifer Lopez are raising capital to try and bid on the Mets:
Retired baseball star Alex Rodriguez and his fiancé, recording artist and actor Jennifer Lopez, have retained JPMorgan Chase to raise capital for a possible bid on the New York Mets, people familiar with the matter said.
The superstar couple is working with managing director Eric Menell, the bank’s co-head of North American media investment banking, said the people, who were granted anonymity because the matter is private.
Menell, Rodriguez and Lopez didn’t return Soshnick’s requests for comment, and this is still obviously a long way from a full bid at this point. And Lopez and Rodriguez would obviously need some outside financing to get the Mets; Celebrity Net Worth estimates they’re worth $400 million and $350 million respectively, which is impressive, but Cohen’s bid was $2.
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