There was reportedly plenty of interest as bids were submitted for the purchase of the New York Mets. Jasen Vinlove-USA TODAY Sports

At least five interested groups formally submitted bids to buy buy the Mets on Thursday, Sportico’s Scott Soshnick reports

Among them are previously reported groups led by Alex Rodriguez and Jennifer Lopez, New Jersey Devils and Philadelphia 76ers owners David Blitzer and Josh Harris, and, perhaps of most intrigue to Mets fans, New York billionaire and current minority stakeholder Steve Cohen. All offers submitted today are preliminary, non-binding offers which can still be altered, Soshnick writes.

Cohen was not only in talks to buy the Mets in late 2019 and early 2020 but actually had an agreement in place to increase his stake in the team from eight percent to 80 percent over a five-year period. However, that deal fell apart in February — reportedly after managing partner Fred Wilpon and son Jeff (the Mets’ COO) sought to alter some terms at the eleventh hour. Neither party would comment directly on why the deal crumbled. Cohen said in a statement at the time:

I’m very disappointed we couldn’t work out a deal, but as an eight percent holder I’m looking forward to a higher bid for the team. I want to thank the fans for their support and the respect they showed me and I want to thank Commissioner Manfred and MLB for their support through the process. I gave it my best shot.

Cohen, a New York native with a net worth estimated at one point to be in excess of $13 billion, grew up as a Mets fan. That has given current fans hope that he could substantially up the team’s payroll in the event that he is ultimately victorious in his apparently renewed pursuit of a purchase. Cohen’s initial bid on the Mets was reported to be a whopping $2.6 billion. Updated bids are expected to be lower, however, due both to recent economic turmoil and the fact that the current sale is said not to include any stake in the SNY Network.

The other ownership groups, of course, shouldn’t be counted out. While few can match Cohen’s considerable net worth, the A-Rod/J-Lo group recently enlisted Florida Panthers owner Vinnie Viola and VitaminWater and BodyArmor co-founder Mike Repole to bolster its resources. Harris and Blitzer already own a pair of U.S. sports teams, and Harris has a minority stake in an English Premier League club, so this is familiar territory.

There’s also been reported interest in the Mets from U.K. billionaires David and Simon Reuben. The brothers carry a net worth even greater than that of Cohen — a reported $14 billion — and have interest in expanding their broad-reaching real estate and retail enterprise into New York in the near future. Bloomberg reported that they recently purchased retail space in Manhattan, and they’re said to have interest in developing the land around Flushing’s Citi Field. Whether they’re one of the five (or more) groups to have formally submitted a bid isn’t yet clear.

As many as seven groups were pre-approved by Major League Baseball recently. The Wilpons are aiming to complete a sale of the team by end of the year.

This article first appeared on MLB Trade Rumors and was syndicated with permission.



The Morning Bark Newsletter. Emailed daily.

You'll receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams.

Emailed daily. Always FREE!

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
MORE FROM YARDBARKER:
Can you name every manager in New York Mets history?
SCORE:
0/22
TIME:
5:00
1962-1965
Casey Stengel
1965-1967
Wes Westrum
1967
Salty Parker
1968-1971
Gil Hodges
1972-1975
Yogi Berra
1975
Roy McMillan
1976-1977
Joe Frazier
1977-1981
Joe Torre
1982-1983
George Bamberger
1983
Frank Howard
1984-1990
Davey Johnson
1990-1991
Bud Harrelson
1991
Mike Cubbage
1992-1993
Jeff Torborg
1993-1996
Dallas Green
1996-2002
Bobby Valentine
2003-2004
Art Howe
2005-2008
Willie Randolph
2008-2010
Jerry Manuel
2011-17
Terry Collins
2018-19
Mickey Callaway
2019-
Carlos Beltran

Customize Your Newsletter

+

Get the latest news and rumors, customized to your favorite sports and teams. Emailed daily. Always free!

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.