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Friday, July 3, 2020

SNY says Cohen back on on Mets. NY Post names another possible bidder

From SNY
According to Gasparino, those interested in bidding include billionaire hedge fund manager Steve Cohen, who was deep in negotiations to purchase the team in February before talks broke down.
In addition to Cohen, other interested parties include the group led by Mike RepoleAlex Rodriguez, and Jennifer Lopez, and the one fronted by Josh Harris and David Blitzer.
It was recently reported by Scott Soshnick of Sportico that seven groups interested in purchasing the Mets had been pre-approved by MLB as qualified bidders. 
According to Soshnick, the Mets are hoping to complete the sale by the end of the year.
In addition to the potential bidders above, billionaire brothers David and Simon Reuben have also reportedly been interested, but Soshnick reported last week that their interest may revolve more around real estate opportunities than the team.
Read more here.

From the NYPOST
A new bidder has emerged for the very-much-for-sale New York Mets.
Kurt Rappaport, a 49-year-old Los Angeles realtor turned real estate developer, is leading a group that hopes to purchase the money-losing Amazin’s.
Sources close to Rappaport confirmed to The Post that his group is in direct contact with the Mets’ bankers, Allen & Co. Multiple people familiar with the bid say that Rappaport, who won the Dave Winfield humanitarian award at a Major League Baseball event in 2018, is a baseball fan with heavy-hitter connections and could table a sizable bid.
Rappaport made his fortune as Hollywood’s realtor to the stars, cutting deals for Malibu and Beverly Hills mansions on behalf of celebrities such as Ellen DeGeneres and Ryan Seacrest. In 2008, Rappaport sold his own Beverly Hills pad to Tom Cruise and Katie Holmes for $32.5 million. His net worth is thought to be in the neighborhood of $350 million.
The Rappaport bid brings the total of active bidders confirmed by The Post to four, alongside private equity billionaires Josh Harris and David Blitzer, celebrity power couple Jennifer Lopez and Alex Rodriguez and British billionaire brothers Simon and David Reuben.
Read more here.
Who knows what is tru and what isn't. I just can't wait to se what goes on with these folks...

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