- Jennifer Lopez and Alex Rodriguez are making another run at buying the troubled New York Mets franchise.
- They floated the idea a few months ago.
- But no one really took them seriously. Until now.
The New York Mets are a dumpster fire. I just wanted to get that out of the way. First, they fired Carlos Beltran before he ever managed a game. Then rumors surfaced that power couple Jennifer Lopez and Alex Rodriguez could be in the frame to buy the ball club.
Yeah, the Mets were a source of fiendish amusement for fans of the other 29 MLB franchises a few months back.
Of course, we all knew that Steve Cohen was going to snap the franchise up. He was just playing hardball, right? J-Lo and A-Rod weren’t serious contenders, were they?
It’s laughable that J-Lo and A-Rod could actually buy the Mets
Look, I knew that both Jennifer Lopez and Alex Rodriguez were wealthy. I just figured they weren’t Steve Cohen-style wealthy.
It turns out, that doesn’t matter. The couple reportedly secured Wall Street backing to help raise the required capital. Word is that the power couple is working with Eric Menell, co-head of North American media investment banking for JPMorgan.
This is a bit of a gamechanger. The kind of coin needed to purchase the New York Mets is even far beyond what J-Lo and A-Rod have to offer.
After all, Cohen – a hedge fund rockstar – had lined up a $2.6 billion deal before it fell through.
Mets ownership is ridiculous now, so it makes sense that the next owners would be ridiculous too
Why did it fall through? Because he was negotiating with the New York Mets, of course!
It also had something to do with the ridiculous terms attached to the sale by the Wilpon family, who currently own the franchise.
They told Steve Cohen to throw in his $2.6 billion, take control of 80% of the…