Jennifer Lopez and Alex Rodriguez Could Own the New York Mets Soon
Former Yankees player Alex Rodriguez and Bronx native Jennifer Lopez are reportedly taking steps to become part owners of a New York baseball team—but the Mets specifically, not the Yankees. Variety reports the engaged couple have retained JPMorgan Chase to raise capital for a bid.
The Wilpon Family, the current owners of the Mets, announced in December that they were negotiating an 80% sale of the Major League Baseball team to hedge fund billionaire Steve Cohen. The deal fell through, but valued the team at $2.6 billion.
Variety estimates J.Lo and A-Rod's combined net worth at $700 million. That means the power couple is going to need help from partners to become part owners.
The move may be surprising to some, given J.Lo and A-Rod's history with the Yankees. But Rodriguez also has deep ties with the Mets. In an interview with Sports Illustrated, A-Rod revealed he considered signing with the Mets during free agency in 2000. He was also a fan of the team as a child.
"Growing up in Miami, I was a huge Mets fan," Rodriguez said. "Keith Hernandez was my favorite player. And I thought I would make great concessions to go play for the Mets. And I thought it was just a great story for baseball, it would’ve been a great story for me to play for the team I grew up watching. And I thought Mets-Yankees would have been a great story."
Lopez and Rodriguez recently postponed their wedding plans in light of the COVID-19 crisis. "Honestly, I really don't know what's going to happen now as far as dates or anything like that," Lopez told Ellen Degeneres in April. "We're just kind of in a holding pattern like the rest of the world. So, again, it's something we're just going to have to wait and see in a few months how this all pans out."
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