Is Alex Rodriguez and Jennifer Lopez’s reported bid to buy the Mets being sustained by Derek Jeter envy or clever business?
The first part can’t be addressed with any authority, however the second part appears to be true and type of validates the first part.
MORE: A-Rod teased Mets interest with Fallon
Reports on Tuesday stated J-Rod is hiring Quogue Capital creator Wayne Rothbaum for their ownershipgroup Rothbaum co-led a group with her former Florida Gov. Jeb Bush that desired to buy the Marlins in 2017.
Sportico reported that Rothbaum has actually sent an application to MLB however would choose to be simply an investor instead of a managing partner.
There were clashing reports that Miami billionaire Jorge Mas would assist back the Rodriguez-Lopez bid The New york city Post hypothesized that Mas might be the group’s “money guy,” however Sportico reported that he has actually stated no to Rodriguez’s pitch.
A group including Jeter and led by Bruce Sherman bought the Marlins for $1.2 billion in September2017 Jeter, Rodriguez’s long time Yankees colleague, was set up as the Marlins’ CEO.
Last December, the Wilpon family, the long time bulk owner of the Mets, was close to offering a bulk stake in the franchise to minority owner and New york city hedge fund giant Steve Cohen. At the time, the franchise was valued at $2.6 billion and Cohen was looking for to increase his stake from 8 to 80percent The arrangement later on failed, apparently due to the fact that of disagreements over when Cohen might take control of the team from COO Jeff Wilpon.
The Wilpons are still thinking about selling, the Post reports, however the baseball economy is now in tatters due to the fact that of the coronavirus, so the price is anticipated to be way lower for the Rodriguez-Lopez group.
“Alex is gonna get this because of COVID. It’s gonna fall in his lap,” the Post estimated a source knowledgeable about the bid as stating.
Reports on Monday stated Rodriguez and Lopez have actually employed JPMorgan Chase handling director Eric Menell to raise capital for a play on the Mets, the team Rodriguez states he rooted for as a kid.