Alex Rodriguez and Jennifer Lopez have been linked with the New York Mets for a few weeks now. They reportedly want to acquire the team from the Wilpons, who are looking to sell, but the former MLB star and the actress, singer and entrepreneur, his fiancée, struggled to find another deep pocket to finance the deal.
According to Darren Rovell of Action Network HQ, they may have found who they were looking for in billionaire Mike Repole. He has, per Rovell, joined the Alex Rodriguez/Jennifer Lopez group in hopes of buying the Mets.
Repole has found success as a businessman, being specifically involved with Vitaminwater and BODYARMOR Super Drink. He is also a thoroughbred owner.
A New York Mets fan
The cherry on top would be that Repole was born in Queens and is a New York Mets fan, so there is the emotional component, as well, just as it would have happened with Steve Cohen, who was very close to acquiring the team not so long ago.
Rodriguez and Lopez, therefore, could have found the person they needed to get a deal done and buy the Mets. Repole has been mentioned as a potential bidder for the Mets for almost a decade, and this could be the best time to capitalize.
Repole is no stranger to the sports world. He went to St. John’s University and graduated with a degree in Sports Administration, so that would be a positive for Mets fans.
It remains to be seen if the group can complete the purchase on their own or if they will need to look for other investors to fund the deal.
Cohen, a famous hedge funder, was going to pay $2.6 billion for a majority share of the team before the deal fell through near the end line. However, it is highly unlikely that the price is that high at this point.