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Friday, July 10, 2020

Steve Cohen puts in $2B bid on Mets, Alex Rodriguez-Jennifer Lopez still in hunt

The first round of bids for the Mets are in — and for starters Steve Cohen appears to have made the highest offer.

Cohen, the hedge-fund billionaire who had previously offered $2.6 billion only to see the deal fall apart at the 11th hour, delivered the Wilpons an offer for $2 billion this time, according to a Fox Business report. That report stated Cohen is also willing to offer an additional $2 billion to also acquire SNY.

Cohen’s bid wasn’t the only one to come in before Thursday’s deadline.

Alex Rodriguez and Jennifer Lopez have their necessary funding and made a bid that is likely good enough to keep them in the game, sources told The Post.

The former Yankee slugger’s bidding group offered around $1.7 billion, two sources close to the situation said.

RoyalsRetro (AG#1F) Posted: July 10, 2020 at 09:03 AM | 4 comment(s) Login to Bookmark
  Tags: alex rodriguez, mets, steve cohen

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   1. The Yankee Clapper Posted: July 10, 2020 at 02:26 PM (#5962139)
Cohen, the hedge-fund billionaire who had previously offered $2.6 billion only to see the deal fall apart at the 11th hour, delivered the Wilpons an offer for $2 billion this time, according to a Fox Business report. That report stated Cohen is also willing to offer an additional $2 billion to also acquire SNY.
I don’t get why anyone would pay big bucks for SNY, rather than spend far less to start their own cable channel when the Mets current TV deal runs out in 2030. It wouldn’t cost anywhere near $2B, or even $1B, to start a new channel, and SNY isn’t really worth much except for the fact that they currently hold the Mets local TV rights.
   2. Starring Bradley Scotchman as RMc Posted: July 11, 2020 at 06:58 AM (#5962271)
I assumed SNY had at least one of the NHL and/or NBA teams, too, but nope. The only other pro team SNY carries is, um, Rugby United New York of Major League Rugby. So, yeah. It would be a lot easier to move the Mets games to the A-ROD (America's Receiving Our Dynasty) channel.
   3. Russlan thinks deGrom is da bomb Posted: July 12, 2020 at 10:25 AM (#5962401)
Perhaps the Mets have signed an agreement with SNY to continue broadcasting games with them no matter who owns the team.
   4. Slivers of Maranville descends into chaos (SdeB) Posted: July 12, 2020 at 02:52 PM (#5962425)
So J-Lo still has a horse in this race?

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