If you were looking forward to the spectacle of Alex Rodriguez and Derek Jeter squaring off from rival owners’ boxes in the NL East, this news will come as a disappointment. Per Thornton McEnery of the New York Post, A-Rod’s longshot attempt to pull together a bidding group for the Mets has been scuttled.
It seems that Rodriguez and fiancee Jenifer Lopez simply weren’t able to gain traction with potential co-investors and have decided to call off the effort. They made some headway with Wayne Rothbaum (see here and here) but obviously failed to put together a viable partnership.
The report goes on to dish about the Mets’ financial difficulties, which are a major factor in the ongoing efforts to sell the team. It seems the club could be looking at losses approaching or even reaching nine figures if the gates to Citi Field never open in 2020.
It’s certainly a suboptimal moment to be seeking a buyer for a baseball franchise. While the chance to own a New York team would normally hold great appeal, these aren’t typical times. The Mets’ longstanding financial woes loom larger than ever.
The difficult operational challenges facing a potential new owner are compounded by the fact that the current Wilpon ownership group is evidently committed to holding onto its ownership of the SNY regional sports network. Whether or not the Wilpons can keep their revenue-producing TV business while still moving the organization for a big price remains to be seen, but the marketplace seems rather skeptical.