Three weeks ago, it appeared Alex Rodriguez no longer had any hope of purchasing the Mets. However, it now looks as if he and famous fiancee Jennifer Lopez have re-entered the picture. According to Thornton McEnery of the New York Post, Rodriguez, Lopez and some of JPMorgan Chase’s “very senior bankers” are working on putting together a bid to buy the franchise from current owners Fred Wilpon and Jeff Wilpon.
This is clearly a serious attempt from Rodriguez and Lopez, who McEnery hears are putting in “hundreds of millions” of their own dollars to land the Mets. It’s unclear exactly who else would be part of a Rodriguez-Lopez ownership group – Wayne Rothbaum was said to be in the mix earlier, but it doesn’t seem that’s the case anymore – though they have been talking with New England Patriots owners Bob Kraft and Jonathan Kraft. The Krafts don’t want to buy a baseball team, yet they’re “very intrigued” with the plans Rodriguez and Lopez have to breathe new life into Citi Field and its surrounding areas, McEnery details in his piece.
Regardless of whether the Krafts do accompany Rodriguez and Lopez, a source told McEnery that “the money is there,” that “a bid is coming,” and odds are the Mets will go for less than $2 billion if they do change hands. Furthermore, while the Wilpons have been reluctant to give up any part of the SNY television network in a sale, it seems they’re more open to it now. The Wilpons would still want to keep some portion of SNY in giving up the Mets, however, McEnery reports.
The coronavirus shutdown could continue to lead to major financial losses for the Wilpons, who may reportedly lose up to $150MM even during a half-season. That could increase their urgency to sell the team, and it now looks possible that Rodriguez and Lopez will swoop in if the Wilpons do step away.