According to a report by Thornton McEnery of the New York Post, multiple sources have suggested that Alex Rodriguez might be interested in purchasing the New York Mets.
Those sources are reported to be both Baseball and Wall Street Insiders, which, even if unknown, lends a bit of weight to what is only an unconfirmed rumor at this point.
"According to multiple sources, the newest name to emerge as a potential suitor to buy the Mets is none other than Alex Rodriguez. Baseball and Wall Street insiders told The Post that the controversial former Yankees superstar is “kicking the tires” on the idea of getting into an upcoming auction for the team."
Steve Cohen, the billionaire hedge fund manager, showed interest in buying an 80% stake in the Mets. The deal, as reported by the New York Post in early February, was on "life support" because the Wilpons changed the terms of the original deal.
According to the sources for the New York Post, fans should exercise caution on the possibility of an A-Rod stake in the Mets. In fact, because Rodriguez would need to find a mix of investors in order to afford a stake in the team, the deal is most likely a long shot.
If Rodriguez could somehow manage this unlikely scenario, it would be something similar to what Derek Jeter did in his deal to own a stake in the Miami Marlins. Jeter put in $25M of his own money, but had to gather more than a dozen other investors to find the $1.2 billion he needed to make the deal and have a controlling interest in the team.
According to the New York Post article, one banker who is familiar with both Cohen and the details of such a deal said that there is
“No chance A-Rod pulls that off, especially with Steve Cohen still out there playing safety on this thing. This auction will not get close to $3 billion, and it will be lucky to get over $2 billion. Steve knows that, he’s talking to people and he’s waiting for the Wilpons to come back begging for $2.6 billion and no five-year window.”
Alex Rodriguez has, so far, declined to make any comment on the rumors, but we'll keep our eye on this story. From what I have seen on social media, fans would love to see A-Rod with majority ownership of the New York Mets. It's no secret that many fans are not happy with the Wilpons' leadership.