The list of former New York Yankees who presently own a share of an MLB franchise is short. It is a hard club to join. Alex Rodriguez is looking to change that.
Scott Soshnick of Variety reports that Alex Rodriguez and his better half — multi-award-winning singer, actress, and world-renown entertainer Jennifer Lopez — are exploring a bid to purchase the New York Mets. They have retained JP Morgan Chase to raise capital for a potential bid.
Soshnick notes that the couple’s net worth stands around $700 million.
The financial situation the Mets stand in is no secret within the baseball world.