The Mets‘ sale process, being overseen by Allen & Company, is ongoing. Here’s the latest…” data-reactid=”32″>The Mets’ sale process, being overseen by Allen & Company, is ongoing. Here’s the latest…
reports that the duo of Josh Harris and David Blitzer is “disinclined” to get into a bidding war with Steve Cohen’s group as well as the duo of Alex Rodriguez and Jennifer Lopez.” data-reactid=”34″>MLB Network’s Jon Heyman reports that the duo of Josh Harris and David Blitzer is “disinclined” to get into a bidding war with Steve Cohen’s group as well as the duo of Alex Rodriguez and Jennifer Lopez.
Now, it seems that Cohen, who is still seen as the favorite, should only be worried about J-Rod.
According to those insiders, Cohen — who has by far the deepest pockets of the interested parties — has always been the favorite.
And one source close to Rodriguez told Kaplan that “If Cohen wants it, this is his.”
With second-round bids due by Aug. 31, a resolution on who wins the bidding could be nearing. At that point, it will be up to the other 29 owners to grant approval to the prospective new ownership group.
told Charles Gasparino of Fox Business that Cohen is “100 percent” committed to making a second-round bid to purchase the Mets after getting a look at the team’s financials.” data-reactid=”49″>Sources close to Steve Cohen have told Charles Gasparino of Fox Business that Cohen is “100 percent” committed to making a second-round bid to purchase the Mets after getting a look at the team’s financials.
The financial situation is reported to be less than ideal.
Along with Cohen, other groups still in the bidding process were recently granted access to the financials.
he did say on Twitter that J-Rod visited Citi Field again on Monday).
” data-reactid=”53″>The day after a report from Bob Nightengale that the ownership group led by Alex Rodriguez and Jennifer Lopez was in the lead for the Mets, Scott Soshnick of Sportico said during an appearance on WFAN to take that report with a grain of salt (though he did say on Twitter that J-Rod visited Citi Field again on Monday).
Adding that it’s hard to classify any of the groups as a favorite at the moment, Soshnick said that, recently, people involved in the process had begun to get a sense that this is “Steve (Cohen’s) team to lose.”
Cohen, a hedge fund titan, has by far the most money of all of the players reported to be involved in the process.
reports that the bidders have until Aug. 31 to submit their final offers.
” data-reactid=”57″>Sportico reports that the bidders have until Aug. 31 to submit their final offers.
Allen & Co. asked the bidders for each group’s sources of financing and a list of members in each bid group.
Josh Harris and David Blitzer is seeking minority owners to join their bid, reports Charles Gasparino of Fox Business.
” data-reactid=”70″>With three bidding groups for the Mets continuing to hold “management meetings” with the team, the group led by Josh Harris and David Blitzer is seeking minority owners to join their bid, reports Charles Gasparino of Fox Business.
reports Charles Gasparino of Fox Business.
” data-reactid=”78″>The Mets’ sale process is in the final inning with bidding groups meeting with team owners and preparing to “firm up” their offers, reports Charles Gasparino of Fox Business.
Repole told Ken Rosenthal of The Athletic. “The entire group has more than enough money.”” data-reactid=”82″>”One hundred percent, we can be competitive,” Repole told Ken Rosenthal of The Athletic. “The entire group has more than enough money.”
Repole also explained why he believes his group is the best one for the Mets and baseball in general.
“This is the best ownership group, not only for the Mets but for New York and definitely for baseball,” Repole said. “I pride myself on being a marketer. Baseball needs a little bit of a marketing wake-up call, a marketing shot in the arm. Obviously with Alex and Jennifer and what I’ve done with brands all my life, if I’m among the 29 other baseball owners and I’m Manfred, this is the team I want to own the New York Mets in the New York market.”
According to Fox Business Network’s Charles Gasparino, despite all the leaks of investors involved, it appears that the group doesn’t have enough money to compete just yet. So for now, the bidding looks like it’s coming down to Steve Cohen and Harris Blitzer.” data-reactid=”87″>According to Fox Business Network’s Charles Gasparino, despite all the leaks of investors involved, it appears that the group doesn’t have enough money to compete just yet. So for now, the bidding looks like it’s coming down to Steve Cohen and Harris Blitzer.
Well, that was fast.
“Sorry Twitter, it is not true. I grew up as a Mets fan and I have a lot of respect for Alex and Jennifer. But I’m not involved in bidding for the Mets. Gotta focus on basketball,” he wrote.
The New York Daily News’ Stefan Bondy pointed out that tidbit from Plumlee’s website.
wrote in post on Friday:” data-reactid=”96″>Plumlee wrote in post on Friday:
“The reality is this group has plenty of money and experience. There’s no bigger, more dynamic, power couple than A-Rod and J-Lo. Vinnie and Mike Repole are first generation billionaires with passion and vision. Alex knows a little something about baseball. Jennifer is a mogul in the entertainment industry. Vinnie knows the ownership gig as owner of the Florida Panthers. And spoiler alert: we’ve now got another billionaire sports owner in the mix as a partner — Joe Tsai — who brings our collective net worth to the top of the bid list.”
according to Forbes.” data-reactid=”98″>Tsai has an estimated net worth of $12.4 billion, according to Forbes.
reports Charles Gasparino of Fox Business.” data-reactid=”100″>Steven Cohen remains confident his bid for the Mets will top bids made by the Alex Rodriguez, Jennifer Lopez, and Mike Repole group, and the Josh Harris and David Blitzer group, reports Charles Gasparino of Fox Business.
At the moment, Cohen remains the wealthiest reported bidder (by far), as he has an estimated net worth of $13 billion.
Adelson “has no interest in buying” even a portion of the Mets, the spokesperson said, according to Charles Gasparino of Fox Business.
Thornton McEnery of the New York Post reported earlier Wednesday that Adelson was the “mystery” bidder for the Mets, and was joining the bid of the group led by Harris and Blitzer.
” data-reactid=”107″>Thornton McEnery of the New York Post reported earlier Wednesday that Adelson was the “mystery” bidder for the Mets, and was joining the bid of the group led by Harris and Blitzer.
reports Scott Soshnick of Sportico.
” data-reactid=”110″>Billionaire hedge fund manager Steve Cohen, a group led by Alex Rodriguez, Jennifer Lopez, and Mike Repole, another led by Josh Harris and David Blitzer, and an “unidentified party” have advanced to the second round of bidding to purchase the Mets, reports Scott Soshnick of Sportico.
According to Soshnick, the groups were informed that Allen & Company (which is handling the sale) and the Mets would “reach out soon to provide more detailed information on the franchise.”
Rodriguez and Lopez told ESPN.
” data-reactid=”113″>NFL Hall-of-Famer Brian Urlacher and NBA All-Star Bradley Beal are among those who have joined Alex Rodriguez and Jennifer Lopez’s bid to buy the Mets, Rodriguez and Lopez told ESPN.
“We couldn’t be more excited to have such high-quality individuals as part of our group,” Lopez and Rodriguez said.
“This is a crazy opportunity. I had a chance to meet Alex Rodriguez a couple years ago and just told him how much of a fan I was as a kid of him,” Kelce told ESPN. “I’m very thankful for the success that I’ve had in the NFL, to have an opportunity like this come across the table. I couldn’t think of a more unique set of people to be in charge of this. Alex Rodriguez and Jennifer Lopez are a star-studded couple that have gotten to where they are because they work their tails off. And they’re good human beings. I thank them for letting me be a part of this.”
is telling Charles Gasparino of Fox Business.” data-reactid=”118″>The bid from the group led by Mike Repole, Alex Rodriguez, and Jennifer Lopez is closer to $2 billion (around where Steve Cohen‘s initial bid reportedly was), not the roughly $1.7 billion that was recently reported, J.P. Morgan (which helped finance the bid) is telling Charles Gasparino of Fox Business.
The initial bids to purchase the Mets were given to Allen & Company on Thursday, and here’s where the potential new owners stand.
according to multiple reports, and Alex Rodriguez’s party with Mike Repole and Jennifer Lopez has a $1.7 billion bid.” data-reactid=”122″>Steve Cohen’s bid is around $2 billion, according to multiple reports, and Alex Rodriguez’s party with Mike Repole and Jennifer Lopez has a $1.7 billion bid.
Steve Cohen will be sending in another bid on the Mets later this week.
Allen & Company set a July 9 date for groups to submit initial bids to the Wilpon family to purchase the team, and Cohen – with a reported net worth of $13 billion – could likely outbid any other group.” data-reactid=”126″>Allen & Company set a July 9 date for groups to submit initial bids to the Wilpon family to purchase the team, and Cohen – with a reported net worth of $13 billion – could likely outbid any other group.
reports Charles Gasparino of Fox Business.” data-reactid=”129″>Allen & Company, the firm handling the sale of the Mets, has set July 9 as the date for groups to submit bids, reports Charles Gasparino of Fox Business.
Scott Soshnick of Sportico that seven groups interested in purchasing the Mets had been pre-approved by MLB as qualified bidders.” data-reactid=”132″>It was recently reported by Scott Soshnick of Sportico that seven groups interested in purchasing the Mets had been pre-approved by MLB as qualified bidders.
also reportedly been interested, but Soshnick reported last week that their interest may revolve more around real estate opportunities than the team.” data-reactid=”134″>In addition to the potential bidders above, billionaire brothers David and Simon Reuben have also reportedly been interested, but Soshnick reported last week that their interest may revolve more around real estate opportunities than the team.
Wilpon said during a panel for the UJA-Federation of New York, according to Yaron Weitzman of Bleacher Report. “I can’t tell you exactly what it’s going to be and how it’s going to look, but we’re working towards a transaction and there’s four or five suitors that are out there to do something with and a bunch of philanthropic planning and family planning that my dad and my uncle want to do. And it’s totally fine. And when we have something to truly announce and tell you about, we’ll do that. Not going to play the speculation game or get in any kind of competition with Page Six or Variety Magazine.”” data-reactid=”136″>”The team will have some kind of transaction,” Wilpon said during a panel for the UJA-Federation of New York, according to Yaron Weitzman of Bleacher Report. “I can’t tell you exactly what it’s going to be and how it’s going to look, but we’re working towards a transaction and there’s four or five suitors that are out there to do something with and a bunch of philanthropic planning and family planning that my dad and my uncle want to do. And it’s totally fine. And when we have something to truly announce and tell you about, we’ll do that. Not going to play the speculation game or get in any kind of competition with Page Six or Variety Magazine.”
Sterling Partners released a statement citing the “highly complicated” transaction they had been attempting with Cohen and adding that Sterling intended to “pursue a new transaction and has engaged Allen & Company to manage that process.”” data-reactid=”137″>On Feb. 6, after Cohen announced that his deal to become majority owner had fallen through, Sterling Partners released a statement citing the “highly complicated” transaction they had been attempting with Cohen and adding that Sterling intended to “pursue a new transaction and has engaged Allen & Company to manage that process.”
A report in the New York Times shed light on the snag the potential deal hit after it had been reported that Cohen was close to walking away from the table.” data-reactid=”138″>A report in the New York Times shed light on the snag the potential deal hit after it had been reported that Cohen was close to walking away from the table.
five-year transition of power that was at issue, SNY’s Andy Martino reported, saying that part of the transaction was a done deal in writing months before talks broke down.” data-reactid=”139″>MLB — non-Mets — sources with knowledge of the Cohen negotiation said it wasn’t the five-year transition of power that was at issue, SNY’s Andy Martino reported, saying that part of the transaction was a done deal in writing months before talks broke down.
reported that in the wake of the failed negotiations with Cohen, there would be “no preconditions regarding control of the team” as part of the next attempted sale, meaning the next majority owner would likely have full control once the sale is complete.” data-reactid=”140″>Bloomberg reported that in the wake of the failed negotiations with Cohen, there would be “no preconditions regarding control of the team” as part of the next attempted sale, meaning the next majority owner would likely have full control once the sale is complete.
Doubleday and Company and Wilpon purchased the Mets from the Payson family in January of 1980.