It has been no secret that Alex Rodriguez and Jennifer Lopez have been trying to put together an investment group to become the newest owners of the New York Mets. The engaged couple is hoping to beat out all other interested parties in acquiring the team, but they still need the money to be able to do it.
As reported by the New York Post late Tuesday night, the J-Rod group is linked to a new backer that could help get them closer to making a deal. This new backer could bring a quarter of a million dollars into their investment group.
The Galatiota Sports Partners is an investment bank that helps broker these types of transactions. In 2011, Galatiota Sports represented the Philadelphia 76ers in their eventual sale to billionaire Josh Harris. Harris is now another name that has been linked to the New York Mets.
As far as the backer that is behind Rodriguez and Lopez, no names have been leaked just yet. According to the post, there are two investors that could be contributing a combined $250 million through Galatiota Sports. The more money Rodriguez and Lopez get into their group, the easier it will be for them to get enough investments to meet whatever number the Wilpons ultimately sell for.
There is still a lot of moving parts in these negotiations, as the New York Post speaks of a mystery bidder being in the equation along with Harris. Could that mystery bidder by Steve Cohen?
Only time well tell. But for now all Mets fans can do is wait.
