Alex Rodriguez & J-Lo Are Looking Into Buying The Mets

BYAlexander Cole1412 Views
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Jennifer Lopez & Alex Rodriguez
Alex Rodriguez and Jennifer Lopez are trying to raise funds to purchase the legendary New York Mets.

Jennifer Lopez is from the Bronx while Alex Rodriguez played for the New York Yankees. With these two facts in mind, you would think the latest celebrity power couple would have a massive disdain for the New York Mets. Well, as it turns out, they don't. Rodriguez used to be a big fan of the Mets growing up and recently, it was revealed that Rodriguez and J-Lo are looking into purchasing the team which has been up for sale over the past few months. 

Their combined net worth is about $700 million and as it stands, 80 percent of the Mets is up for grabs at a price of about $2.6 billion. In order to fund the rest of the purchase, J-Lo and A-Rod are looking to partner with JPMorgan Chase's managing director Eric Menell. Menell is expected to help the two find the rest of the money necessary to buy the team.

Alex Rodriguez & J-Lo Are Looking Into Buying The Mets
Frazer Harrison/Getty Images

It will be interesting to see if they are able to go through with the purchase. Owning a baseball team is a lot of work and it is believed that the new owners could stand to lose $50 million per year in operating costs. This would certainly be a huge risk and it remains to be seen if A-Rod and J-Lo will find the investment worth their time.

Stay tuned for updates on this story as we will be sure to bring them to you.

[Via]


About The Author
Alexander Cole is the current Managing Editor of HotNewHipHop. He started at HotNewHipHop back in 2018 where he began as a Sports and Sneakers writer. During this time, he has shown an expertise in Air Jordans, Yeezys, and all things that have to do with Nike. His favorite kicks are the Air Jordan 1 High OG, the Air Jordan 4, the Air Jordan 6, and the Adidas Yeezy Boost 350 V2 in the "Beluga 2.0" colorway. Although his collection might not be the biggest, he is always looking to add new styles to it. When it comes to sports, Alex has a particular interest in the NBA and the NFL. His favorite teams are anywhere LeBron goes, and the Kansas City Chiefs. As a Montrealer, the Montreal Canadiens hold a special place in his heart, even if they haven't won the Stanley Cup in his lifetime. Alex also works for the Concordia Stingers, where he provides play-by-play and color commentary for the football, hockey, and basketball teams His favorite hip-hop artists are Kendrick Lamar, Playboi Carti, Travis Scott, and Lil Uzi Vert.
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