When everyone thought that A-Rod’s chances of buying the
Mets will not take place, there now is renewed interest by A-Rod in becoming
owner of the team. He along with J-Lo will give it another try to see if they
can buy the Mets. He has invested in real estate deals and tech startups. A-Rod
loves New York City, because he grew up a Mets fan and enjoyed playing in New
York as a member of the Yankees.
Mike Repole, the Vitamin Water co-founder and another
investor were thinking of investing up to a combined $250 million. Dave
Portnoy, the founder of Barstool Sports, whose reported net worth is around
$100 million may also be part of the group. He has connections with both A-Rod
and Repole. With all of that money, you would think that they may turn to free
agency to sign a few big-name players to improve the team if they buy the team.
The Mets have been through this road before about trying to
find a buyer. It almost has been like a soap opera of getting their hopes up and
then having the deal fall through. When you get your hopes up for something,
sometimes things don’t turn out the way you anticipate they would. The proposed sale of the Mets to Steve Cohen
in which he agreed to purchase eighty percent of the team for 2.6 billion, fell
through.
A-Rod prepared himself quite well for a business opportunity
like this as he attended high-profile investment conferences and had started
his own investment firm, A-Rod Corp. He and J-Lo no longer became interested in
buying the Mets due to their money partner, biotech billionaire Wayne Rothbaum
wanting to apply more control over the team than A-Rod and J-Lo was comfortable
surrendering.
Josh Harris and David Blitzer, who were serious about making
a run to buy the team and add the club to their portfolio of teams, decided to
purchase a $140 million minority stake in the Pittsburgh Steelers. They are
currently the only other competition who are still interested in buying a stake
in the Mets, but not as one of the primary bidders.
I think the Wilpons would like to get this over with due to
times being currently tough and without any games being played they are losing
money. It is not known if the Wilpons’ are going to part with SNY to make the
deal possible.
3 comments:
Actually A-Rod has never gone away. He just keeps meeting with new possible investors to join his Alpha Male team.
He also seems to leak to the press every time a new investor comes aboard.
Tell ya this... it's going to take a lot more $250mil dudes to get this done.
I agree, It will cost so much to get a deal done, It's going to be difficult and it will take time.
I wasn't impressed with Cohen because of his reported shady dealings in the past, and I wasn't crazy about the Jersey Boys after learning how the 76ers and Devils did after they took control.
The new guy is a native of Long Island, has been close with David,is a lifelong rabid Mets fan, and built a successful company which he recently sold for a reported $5.1 B.
I'm certainly not a fan of A-Rod, but he's smart and competitive, with a background as a Mets fan in the past.
This is a combo I can root for.
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