Quantcast

Bids for Mets to be submitted by Thursday, sale price could be $2 billion

New York Mets owner Fred Wilpon is doing his best to sell the MLB team before the end of the calendar year. We’ve read about some big-name individuals looking to put groups together to buy the National League franchise.

That has obviously included the power couple of Alex Rodriguez and Jennifer Lopez. We now have some more information on this, courtesy of Jon Heyman of MLB Network.

Bids for the Mets are expected to be submitted by Thursday, sale price could be $2 billion

That’s at least five groups looking to bid on the Mets. What’s most interesting here is that Forbes’ latest team valuation projections have the organization worth $2.4 billion. It seems that the COVID-19 pandemic and associated economic downturn has played a role in this.

Billionaire Steve Cohen making big push to buy the Mets

It was back in February that a deal fell apart that would have sold the Mets to this hedge fund manager. Cohen is said to be worth $13 billion and grew up a Mets fan. He’s now making a renewed push.

Alex Rodriguez and Jennifer Lopez making another bid

Much like Cohen, talks about this power couple purchasing the Mets fell apart during the spring. Though, there’s now renewed interest in Rodriguez and Lopez heading a group to purchase the Mets.

That group is said to include senior bankers from JP Morgan Chase. Rodriguez and Lopez have an estimated combined net worth of $750 million. Needless to say, they’ll have to get some major financial backing from that group of JP Morgan Chase bankers.

The Mets will be sold here soon. Wilpon has made that clear in more ways than one. Now it’s all about who gets the winning bid. The waiting game is here.

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Similar Articles