They placed a bid of $1.7 billion.
Latin power couple, Jennifer Lopez and Alex Rodriguez have withdrawn their bid to buy the famous New York City sports team, the New York Mets.
The former Yankee star and the GRAMMY award-winning singer were a part of a group of investors including the co-founder of Glaceau, Mike Repole, and NFL stars Travis Kelce and DeMarco Murray. The group decided to back down on Friday.
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According to Sportico, Rodriguez-Lopez reached the second round of bidding in July. They placed a bid of $1.7 billion, with $300 million coming directly from the couple, according to ESPN.
“Alex and I are so disappointed!! We worked so hard the past 6 months with the dream of becoming the first minority couple and the first woman owner to buy her father’s favorite Major League Baseball team with her own hard earned money. We still haven’t given up!!,” Lopez wrote on Instagram.
The whole group, simply referred to as the consortium, also expressed their disappointment.
“The consortium said that they are disappointed to not be part of the revitalization of New York City and provide an exhilarating experience for the fans and wish the Wilpon family and the entire Mets organization well,” said Lopez’s statement on Instagram.
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Rumors about Lopez and Rodriguez’s interest in the Mets began in April. The couple was then seen touring Citi Field, the team’s stadium in Queens, and this confirmed many people’s assumptions.
With the star couple out of the bidding for the Mets, billionaire hedge fund manager Steve Cohen, who was close to buying the team in late 2019 for about $2.6 billion, is currently in negotiations again.
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The post J. LO and A-Rod no longer in talk to buy the Mets appeared first on TheGrio.
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