A Rod/J Lo out of Mets' bidding amid report Cohen set to buy - Sportsnet.ca

  • 📰 Sportsnet
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 59%

Canada Headlines News

Canada Latest News,Canada Headlines

Alex Rodriguez and fiancee Jennifer Lopez have backed out of the bidding to purchase the Mets amid reports that the Wilpon family is finalizing a deal with billionaire hedge fund manager Steve Cohen.

NEW YORK — Former major league star Alex Rodriguez and fiancee Jennifer Lopez have backed out of the bidding to purchase theamid reports that the Wilpon family is finalizing a deal with billionaire hedge fund manager Steve Cohen.

Rodriguez announced Friday night that despite “a fully funded offer at a record price,” their group was pulling its offer. “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,” the celebrity couple said in a statement.

CNBC reported Friday night that Cohen had entered final negotiations and was expected to finalize a deal with the team in the coming days. The Mets declined to comment. Cohen also entered negotiations to purchase the Mets last year, but the deal fell apart in February. The hedge fund manager bought an 8% limited partnership stake in 2012 for $40 million. The deal under discussion would have seen him acquire an 80% controlling share in a transaction that values the team at $2.6 billion, and the Wilpons would have remained in place for five years.“Alex and I are so disappointed!!,” Lopez wrote on Twitter.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 57. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Must See: Mets, Marlins take 42-second moment of silence before postponing gameAs Thursday's game is about to begin, the Mets and Marlins take the field and have a 42-second moment of silence in honor of Jackie Robinson before walking off, leaving behind a Black Lives Matter shirt at home plate. Powerful display also.. Powerful? They support domestic terrorists, career criminals, pedophile rapists.. Powerful? 🤡🤡🤡 Powerful display my ass!! Orwellian conformity. They're scared and stupid. Obey!
Source: TSN_Sports - 🏆 80. / 51 Read more »

Mets, Marlins walk off field in social injustice protestThe New York Mets and Miami Marlins jointly walked off the field after a moment of silence, draping a Black Lives Matter T-shirt across home plate as they chose not to play Thursday night. UNFAIR.!!..JUSTICE !! Bye 👋 Stunning and brave. Finally millionaire sports players are taking time off with pay to end racism.
Source: CTVNews - 🏆 1. / 99 Read more »

Mets GM on Rob Manfred: 'He just doesn't get it'Mets general manager Brodie Van Wagenen was caught on video as he criticized Rob Manfred as someone who A Weasel Has to be the most hated commissioner why do you keep that tweet when link says 'Van Wagenen later apologized, saying he falsely accused Manfred.'
Source: TSN_Sports - 🏆 80. / 51 Read more »

Mets, Marlins walk off field in social injustice protest - Sportsnet.caThe New York Mets and Miami Marlins jointly walked off the field after a moment of silence, draping a Black Lives Matter T-shirt across home plate as they chose not to start their scheduled game Thursday night. Mets Marlins And more stunts like this will lead to more people to vote for trump. This isn't smart. MLB should have donated money to the family or something. this is just stupid and does nothing. Mets Marlins Would make sense if there were fans at the game...but no fans and no TV coverage for this mKes zero sense. Thanks for the written article though. Mets Marlins
Source: Sportsnet - 🏆 57. / 59 Read more »

Mets' Smith pleads through tears: 'People still don't care' - Sportsnet.ca'The most difficult part is to see people still don’t care. For this to just continuously happen, it just shows the hate in people’s heart.' Dominic Smith spoke through tears after deciding to protest during the anthem before the Mets-Marlins game. Mets Marlins How many pro athletes cared about 5 year old Cannon Hinnant when a black neighbor shot him in the head? Mets Marlins sneakerdudeboy MARKCHE68042549 JasonCh49094891 give me a suprise! Mets Marlins Its all fake. fake tears, fake passion. Sportsnet, dominic, none of them really care. Its all fake.
Source: Sportsnet - 🏆 57. / 59 Read more »

Republicans Played ‘Hallelujah’ At RNC And It Did Not Please Cohen FansFans were confused why the haunting song was played not once, but twice. The great irony of the lyrics tho. Someone should make a montage. Sacrilege!! Who cares get a life
Source: HuffPostCanada - 🏆 61. / 53 Read more »