Published 18:49 IST, May 30th 2020
Alex Rodriguez, Jennifer Lopez to make second pass at buying New York Mets: Reports
Alex Rodriguez and Jennifer Lopez are reportedly trying to make a second pass at acquiring the Mets. Mets current owner, Wilpons, are looking to sell the team.
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New York Yankees legend Alex Rodriguez and fiance Jennifer Lopez are reportedly trying to make a second pass at acquiring a major stake at MLB franchise New York Mets. Last month, reports indicated that power couple had consulted JP Morgan Chase in order to raise finances for a potential bid. Per latest reports, power couple is in constant discussions with senior bankers at JP Morgan Chase as y are looking for an investor to help m raise necessary capital.
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Alex Rodriguez, Jennifer Lopez seriously looking to buy New York Mets
Alex Rodriguez and Jennifer Lopez had previously come close to acquire a stake at Mets. power couple partnered with pharma billionaire Wayne Rothbaum to buy franchise. However, negotiations hit a roadblock after Mets' current owners, Wilpons, refused to include SportsNet New York (SNY) ( club's television network) in sale. roadblock meant Rothbaum backed out from deal and Alex Rodriguez and Jennifer Lopez were left looking for ar investor.
According to New York Post, Wilpons are w seriously considering offloading Mets to a potential buyer. financial restrictions in place due to coronavirus pandemic has forced Wilpons' hands in agreeing to sell majority ownership of New York Mets. Wilpons, who acquired Mets in 2002, reportedly own about 92% of stakes. or 8% belongs to investor Steve Cohen, who also tried to acquire franchise last year.
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Alex Rodriguez has been vocal in past about his desire to own an MLB franchise. With SportsNet New York (SNY) back in table, Rodriquez and Lopez have reportedly spent quarantine period in formulating a plan to raise necessary capital. power couple are reportedly putting in 'hundreds of millions' of ir own money but still fall short of predicted bid of "just short of $2 billion".
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Reports furr suggest Alex Rodriguez and Jennifer Lopez are in discussions with two potential investors. One of m is said to be owner of NFL franchise New England Patriots, Bob and Jonathan Kraft. While Krafts are reportedly t interested in buying an MLB team, y are "intrigued" by couple's plans for New York Mets and ir home stadium, Citi Field.
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Alex Rodriguez net worth, Jennifer Lopez net worth
Although unverified, per Celebrity Net Worth, Alex Rodriguez net worth is estimated to be around $350 million. Meanwhile, Variety claims that Alex Rodriguez and Jennifer Lopez have a combined net worth of about $700 million.
Disclaimer: above net worth information is sourced from various websites/media reports. website does t guarantee a 100% accuracy of figures.
Also Read | MLB News: Alex Rodriguez, Jennifer Lopez Raising Money For Potential New York Mets Bid: Reports
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18:49 IST, May 30th 2020