Alex Rodriguez and Jennifer Lopez want to buy the Mets: report

The A-Rod Corp may extend its reach into Queens.

Former Yankees superstar Alex Rodriguez and his fiance, Jennifer Lopez are raising capital to purchase the Mets, according to a Variety report.

The multi-hyphenate pair is said to be working with JP Morgan Chase’s Eric Menell, who serves as the bank’s co-head of North American media investment banking.

Despite winning two of his three MVP awards and a World Series in the Bronx (and being set to marry perhaps the borough’s most famous native) Rodriguez is openly affectionate about the team of his youth.

When rumors first swirled around A-Rod’s interest in adding the Mets to his portfolio, he spoke openly about his longstanding affection towards the team. Rodriguez told “Tonight Show” host Jimmy Fallon that, following the birth of his daughters, the Mets’ 1986 championship-clinching game was one of the best nights of his life. He also reiterated his desire to buy the team.

“I will say this,” Rodriguez told Fallon, “if the opportunity came up [to buy the Mets], I would certainly look at it.”

However, A-Rod will have to pass a few obstacles before crossing home.

First: accumulating enough money to buy the Mets. Forbes estimates that the Mets are worth roughly $2.4 billion — a 4% increase over the last year — making them the sixth most valuable team in baseball.

Rodriguez is one of the highest earners in pro sports history, earning $317 from his record-breaking baseball contracts before factoring in endorsements and his lucrative broadcast work with ESPN and Fox Sports.

J-Lo’s still-thriving career as an entertainer pushes their combined net worth to around $700 million. Gaudy as that number sounds, the power couple will need a lot more money to play in the big leagues. Unless A-Rod adds a few commas to his TV salaries or someone buys a few trillion copies of “Hustlers,” the two will almost certainly comprise a relatively small percentage of the ownership group.

That’s not the only base A-Rod needs to clear. If he’s able to raise a competitive bid, of course, he still must go through the notoriously fickle Mets ownership.

The Wilpon family, who have owned a controlling stake in the Mets since 2002, appeared to be nearing the finish line of selling an 80% stake to billionaire hedge fund tycoon and part-owner Steve Cohen. But the Wilpons reportedly chased Cohen away with an exorbitant list of demands, including continued control over the team’s day-to-day operations and cable network.

“I gave it my best shot,” Cohen said in a statement last February.

Steve Cohen backed out of deal to buy Mets after Wilpons wanted longer than five years of control

That’s not the only time the Wilpons scared off a finance billionaire from signing the dotted line. Back in 2010, hedge fund investor David Einhorn was in negotiations to buy a stake in the team. Once again, talks broke down over a reported option of boosting Einhorn’s stake to roughly 60 percent from three to five years of the initial purchase.

Variety says that any potential sale of the Mets to a group led by Rodriguez and Lopez would not include conditions like the ones attached to Cohen’s failed deal.

Advertisement