Alex Rodriguez and Jennifer Lopez, despite their combined fame and fortune, have no experience running a sports franchise.
Enter Robert and Jonathan Kraft.
The father-son owners of the New England Patriots met with Rodriguez and Lopez about their potential ownership bid of the New York Mets on July 9, the New York Post reported Thursday. Joining Rodriguez and Lopez on their trip to Foxborough were the CEO of the JPMorgan Chase Asset & Wealth Management, Mary Callahan Erdoes, and the head of global lending at JPMorgan’s Private Bank, Vincent La Padula.
The Krafts reportedly met with the group for five hours and gave them an in-depth tour of Gillette Stadium and Patriot Place. Ownership of the Mets would come with rights to overhaul Willets Point, the area around Citi Field that could potentially become that franchise’s own version of Patriot Place.
The Post reported that the goal of the meeting and tour was to demonstrate how owners can maximize the use of a stadium and underdeveloped surrounding areas. Robert Kraft bought the Patriots in 1994 and began construction on Patriot Place in 2007.
The former New York Yankees third baseman and international popstar, who got engaged in 2019, are bidding for the Mets against billionaires Steve Cohen, Josh Harris and David Blitzer.
Rodriguez and Lopez are worth a combined $700 million, according to Insider, while Robert Kraft is worth $6.9 billion.