April 21: Rodriguez and Lopez approached Miami businessman Jorge Mas about joining their group, per MLB Network’s Jon Heyman (Twitter link), but the 57-year-old MasTec chairman declined the offer. Mas previously headed up his own group in hopes of purchasing the Marlins before the Derek Jeter/Bruce Sherman group won that bidding.
April 20: When the concept was first mentioned, it wasn’t clear whether Alex Rodriguez was seriously interested in headlining a bidding group for the Mets. But he and pop singer/fiancee Jenifer Lopez have recently taken at least one notable step towards a potential play for the franchise, Scott Soshnick of Variety reports.
Rodriguez, much like predecessor Barry Bonds, finished his playing days with one of the most impressive but deeply stained resumes in baseball history. Performance-enhancing drugs tarnished both players, though A-Rod has taken quite a different path since hanging up his spikes. With a series of major media roles, he has crafted a familiar post-PED profile.
Precisely what sort of bidding group might be compiled isn’t clear, but A-Rod and J.Lo have retained JPMorgan Chase to see about putting one together. There was never any doubt that the celebrity couple would need to participate with other, yet wealthier investors to take over the Mets. At last look, the current Wilpon family ownership group had yet to mark down its $2.6B sticker price for the organization.
It’ll certainly be interesting to see whether this story has legs — not just because of the obvious potential for gossip-rag fireworks. The Mets have had their issues over the years, but it’s awfully rare to see big-city teams hit the market. It seems all but inconceivable that the franchise value won’t take a hit in light of the coronavirus pandemic — whatever the long-term outlook, there’ll obviously be a major near-term operational shortfall — but whether and to what extent remains for the market to decide.