The A-Rod J-Lo team is not kidding. They can smell a good deal, and with the Wilpons bleeding cash, a bargain-basement closeout sale is within their grasp.
The A-Rod, J-Lo team, according to Business Insider, has a net worth of almost $900 million. For each, this does not include endorsements and brands sold worldwide. Conversely, it also omits what they spend in their extravagant daily lifestyle as a couple.
But clearly, they have money to burn. But just as surely, they are not Michael Jackson, who at the time of his death, a forensic accountant estimated that Jackson owed $400 to $500 million.
The A-Rod, J-Lo team also has nothing in common with Wayne Newton, Nicholas Cage, or Floyd “Money” Mayweather, the boxer whose failure to pay taxes resulted in a $22.2 million debt to the IRS, even as he came out of retirement for a high grossing fight.
The A-Rod, J-Lo team makes money; they don’t burn it. And that is why they are making a move to buy the New York Mets from the Wilpon family.
For the A-Rod, J-Lo Team, Baseball Is A No-Brainer
Baseball franchises are in the same category as McDonald’s. Unless you screw it up, you are guaranteed to become wealthy – or in this case, even richer.
The Wilpons have managed to do the unthinkable with the Mets. Ironically though, “The Franchise” continues to thrive despite their business ineptness, with the team having a value of around $2.6 billion.
The Wilpons have always had a cash flow problem. In November 2019, a recent incident of this kind was discussed in a column here relating to their inability to fork up the advance money for the Belmont Development Project at the racetrack in New York City.
And today, of course, with the 2020 baseball season at a standstill, there’s nothing in the Wilpon’s accounts receivable bin, only large chunks of cash depleting rapidly from their pockets.
The Search For Investors – Timing Is Everything
The A-Rod, J-Lo team can go for the jugular, but they can’t do it by themselves. They need a team of investors to join in.
One person they are in touch with is Jorge Mas, whom Forbes estimates to have a net worth of $1 billion.
“I can see Mas being A-Rod’s money guy here,” said one source familiar with the Miami power player. “He and Alex went to the same high school and [both have a connection with the University of Miami]. They’re birds of a feather.” (Business Insider)
Rodriguez and Lopez have a wealth of contacts to network their way through, and it’s only a matter of time until they can raise the needed capital.
But time is crucial since once the baseball season is resumed, and it’s almost certain that will happen in one form or another this summer, the Wilpon’s cash registers will start ringing again.
Baseball fans recall Fred Wilpon came close to selling the Mets recently to Steve Cohen, a mega-billionaire, only to change the terms of the deal at the last minute forcing Cohen out.
It’s anyone’s guess how big of a baseball fan Jennifer Lopez is or wants to be, and it’s likely she is giving Rodriguez the gift of a lifetime.
For A-Rod, This Can Even The Score With A Competitor
Buying the Mets evens the score, and most would say puts A-Rod as King Of The Mountain in the competitive battle the two have waged for years.
But like Jeter, Rodriguez has always taken baseball seriously. This is not a game for him, and Major League Baseball knows that, despite his association with the use of steroids in a bygone era.
A-Rod Can Be Trusted To Be A Good Owner
The sale, if it goes through, will quickly be approved by MLB, and baseball will be better for the change in ownership, even if it means Mets fans welcoming a rival Yankees into Citi Field.
Again like Derek Jeter, Alex Rodriguez can bring a wealth of baseball insight to a team that has a history of shooting themselves in the foot with bad deals, signings, and deals ownership was stupidly cheap not to make.
The A-Rod, J-Lo team will hopefully let ‘er rip. New York City needs a picker-upper, and the news that the Wilpons are finally throwing in the towel is the best there’s been in a long time.