The dream of owning the New York Mets is all but over for Jennifer Lopez and her fiance Alex Rodriguez after they pulled out of the running to buy the Major League Baseball team. It seems as if the pop star and former MLB star were outbid by Billionaire Steve Cohen who is understood to have been able to front up all the money.
Lopez and Rodriguez, backed by a consortium, were understood to be willing to put in $300m of their own money. That was still some way off the asking fee, as The New York Mets, however, are valued at an eye-watering $2.6 billion. You can all of a sudden understand why Cohen was seen as the preferred bidder given that he has a net worth of around $14 billion.
This all meant that all of the other bidding parties were blown out the water by the resources and cash upfront that Cohen had on offer. This was a bitter pill for Lopez to swallow when you consider her close family ties to the Mets as her father David Lopez was a huge fan, but there were also other reasons behind J. lo’s pursuit of the Mets. Indeed, there was also the added prestige of being the first woman owner of an MLB team, and of course, Rodriguez would have become the first ex-player to have become a principal owner of an MLB team. Sadly, that remains a pipe dream for now.
However, after it emerged that Lopez was out the running, the 51-year-old said that she wouldn’t give up on the dream of owning the Mets. Whe ther that means rekindling her interest in buying the MLB team again down the line at some stage remains to be seen, but you do feel that once Cohen takes charge, he is in for the long run. The 64-year-old certainly won’t let the grass grow under his feet at Citi Field.
Cohen is also a lifelong fan and will be determined to make the New York outfit a lot more competitive. The last time the Mets made the postseason was 2016 and the MLB odds on Bet365 have them at +4500 to win the 2020 World Series, which does suggest that they are in desperate need of a shakeup. Cohen has the fiances to see that happen and as mentioned, will be in it for the long haul.
This does make you wonder whether Lopez will ever realize her dream of owning the Mets now that the team is about to be taken over by a man with extremely deep pockets and a lot of time on his hands.
For now, Jenny from the block will have to watch on as Steve Cohen gets the once in a lifetime opportunity of buying a team he grew up supporting as a child. The singer’s ambition to buy an MLB team has gone pear-shaped and she will undoubtedly be at rock bottom right now. One would have to imagine that she is perhaps even considering the merits and ultimately the lasting truths of her 2001 chart-topper ‘Love Don’t Cost a Thing.’