Last week, Allen & Company set July 9 as the deadline for interested parties in buying the New York Mets from the Wilpons to submit their bids. The team has been up for sale for quite a few months now.
Allen & Company is the firm in charge of managing the sale of the Mets. Before talks broke down in February, billionaire hedge funder Steve Cohen was on the verge of completing the transaction. Now, there are several investment groups looking to secure the deal.
According to what J.P. Morgan told Charles Gasparino of Fox Business, the bid from the group led by Mike Repole, Alex Rodriguez, and Jennifer Lopez is closer to $2 billion and not the previously reported $1.