• Loading stock data...
Friday, April 26, 2024
  • -
    days
  • -
    hours
  • -
    minutes
  • -
    seconds

A-Rod, J-Lo Return

J Lo ARod
Photo Credit: Steve Mitchell-USA TODAY Sports
Alex Rodriguez and Jennifer Lopez are back in the bidding for the New York Mets as the coronavirus pandemic and new financial partners have increased the likelihood of a sale. After a failed approach in February, the celebrity couple has retained JPMorgan to find a new round of investors and are preparing a total bid that will be “definitely less than $2 billion.”

Newfound willingness of the Wilpon family to include part of SNY, the Mets television network, has sparked talks of a sale, combined with the impact of COVID-19 on the Wilpon’s businesses. The Mets are reported to operate at a loss and rely on TV revenues for profit; owning a team without a television network as sports prepare to return without fans would be cost-prohibitive.

Rodriguez and Lopez plan to remodel the Mets brand and Citi Field as a full entertainment venue and have been consulting with New England Patriots owners Robert and Jonathan Kraft about development plans to create a “Wrigleyville in Queens.”  The Kraft’s Gillette Stadium complex features shopping, entertainment, restaurants and a hotel and they have expressed interest about investing in something similar in Queens, though not buying a baseball team.

Rodriguez and Lopez have been researching development around Citi Field and Willets Point in order to create a place for fans to stay before, during and after a game.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Dec 3, 2022; Indianapolis, Indiana, USA; FOX Sports personality Reggie Bush before the Big Ten Championship between the Michigan Wolverines and the Purdue Boilermakers at Lucas Oil Stadium.

Reggie Bush Got His Heisman Back. Here’s Why He’s Still Suing the NCAA

The former USC star will go forward with a 2023 defamation lawsuit against the NCAA.

With New Lawsuit, Florida AG Backs FSU in Fight to Exit the ACC

Lawsuit alleges the ACC was ‘wrongfully withholding’ media contracts from the public.

The Ivy League Is Siding With Dartmouth Against College Athlete Unionization

The entire appeal is yet another desperate attempt to preserve amateurism.

K.C. Current’s Stadium Success Highlights Chiefs’ and Royals’ Failures

The NWSL club is spending more money on a stadium development project.
podcast thumbnail mobile
Front Office Sports Today

NHL on Offense as Playoffs Heat Up

0:00
0:00

Featured Today

Everything You Need To Know About the Legal Attempts To Kill the ACC

Four lawsuits involving the conference, Clemson, and FSU could determine the future.
April 20, 2024

A Bare-Knuckle Fighter Won His Pro Debut. The Far Right Scored a Marketing Win

With Proud Boys sponsoring him, experts say extremist groups will use his success to elevate their ideologies and recruit new believers.
April 7, 2024

Women’s Basketball Finally Has a TV Deal to Match the Excitement. Now What?

A lucrative new media-rights contract could rectify problems of the past, but the future of March Madness media rights is anyone’s guess.
Mar 16, 2024; Washington, D.C., USA; North Carolina State Wolfpack forward DJ Burns Jr. (30) cuts the net after defeating the North Carolina Tar Heels for the ACC Conference Championship at Capital One Arena.
April 6, 2024

How Two College Seniors Helped DJ Burns Cash In on a Final Four Run

Two college seniors are facilitating deals for NC State’s big man.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Adidas
Multiple - USA Careers
FanDuel
Multiple - USA Careers

Top Sports Business Jobs This Week (April 2024)

Each week, our staff combs through the thousands of job listings from…
August 10, 2022

PGA Tour Touts Projected Earnings to Keep Players

The PGA Tour is asking its players to consider their potential futures.
October 3, 2022

Real Madrid President Renews Call for Super League

Real Madrid’s president believes that soccer is losing ground.
Sponsored

Rapid Returns: How Technology Is Getting You Back to Your Seat

How Oracle’s POS technology is helping fans get back to their seats faster.
August 10, 2022

Bayern Munich to Make Growth Push in U.S. Market

Bayern Munich is looking to expand its reach in the U.S.
Nintendo-logo
August 3, 2022

Nintendo Profits Underwhelm, Switch Sales Decline

Nintendo failed to meet expectations in the company’s latest earnings report.
manfred_at_microphone
August 19, 2021

MLB Owners Propose $100M Salary Floor

Major League Baseball owners have proposed a $100 million payroll minimum for MLB’s 30 teams and a lower luxury tax threshold.
nfl_logo
July 23, 2021

NFL to Players: Get Vaccinated or Pay the Price

The NFL’s threatening to drop the financial hammer on un-vaccinated players and teams that cause forfeited games in 2021, according to memo.