XPost: alt.gossip.celebrities
https://www.billboard.com/articles/news/9442043/jennifer-lopez-alex-rodriguez-new-york-mets-bid
Jennifer Lopez and Alex Rodriguez attend Jennifer Lopez's MTV VMA's Vanguard Award Celebration at Beauty & Essex on Aug. 21, 2018 in New York City.
Jennifer Lopez and fianc� Alex Rodriguez are expressing their disappointment after losing out on buying the New York Mets.
The singer/actress and former Yankee star, who led a group of investors to buy the Major League Baseball franchise, announced Friday night (Aug. 28) that they were withdrawing their bid to buy the Mets.
"Alex and I are so disappointed!! We worked so hard the past 6 months with the dream of becoming the first minority couple and the first woman owner to buy her
father�s favorite Major League Baseball team with her own hard earned money. We still haven�t given up!!" Lopez wrote on Instagram.
The J-Lo-Rodriguez group bid was for $1.7 billion, with the couple putting in $300 million of their own money, ESPN reported in July.
With Lopez and Rodriguez out of the bidding war, it's expected that billionaire hedge fund manager Steve Cohen will finalize a deal to purchase the Mets in the coming days, according to CNBC.
Cohen had reportedly been close to finalizing a deal to acquire the team for about $2.6 billion in 2019.
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