2020-07-14

DeMarco Murray part of ownership group seeking to buy MLB franchise

Add professional sports franchise owner to the titles DeMarco Murray holds?

A group of investors led by Jennifer Lopez, Alex Rodriguez submitted an initial bid of $1.7 billion for Major League Baseball franchise ownership of the New York Mets, New York Post reported on Monday.

DeMarco Murray, who played six season in the NFL, earned over $25 million in career earnings is joined by Kansas City Chiefs tight end Travis Kelce, retired lineman Joe Thomas, among others.

Michael Perez / Associated Press
A competing ownership group is led by minority owner Steve Cohen, a billionaire hedge-fund manager, and his partners  Florida Panthers owner Vinny Viola and Vitaminwater co-founder Mike Repole.

Cohen’s ownership group is reportedly the favorite to buy the franchise after a recent bid of $2 billion, The Post reported.

However, Jeff Wilpon, Mets Chief Operating Officer, would prefer to sale the franchise to the group of former athletes and Lopez, according to ESPN's Vaughn McClure.

“It’s especially cool to be involved with Alex. Alex is the man. You’ve got Kelce, Joe Thomas, DeMarco Murray. It’s great to be in a group with them,” Pro Football Hall of Fame linebacker Brian Urlacher told ESPN.com.

“We couldn’t be more excited to have such high-quality individuals as part of our group, ” Lopez and Rodriguez said, per The Post.

Its unclear if Lopez, Rodriguez group, organized by Jim Cantelupe, co-founder of New York-based Summit Trail Advisors, a wealth management fund will bid on SNY, the regional carriage network for the club, which Bloomberg valued at $1.2 billion in 2013.

The initial round of bidding ends Thursday, and the sale must be finalized by Major League Baseball Commissioner Rob Manford.

The finalization of sale is expected in October, CBS New York reported.

Correction: This article incorrectly stated Bloomberg valued SNY at $1.3 billion.

Do you have a tip, suggestion, complaint or see an error? E-mail me at gilbert.sam @ soonersblog.com. 
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